
G-20 agrees to 'common framework' for debt relief
The G-20 major economies agreed to a framework for more debt relief among poor nations, responding to appeals from humanitarian and economic leaders.
Christian Aid is a U.K.-based international development and relief charity. It works to eradicate poverty and provides urgent humanitarian aid in response to disasters and conflicts. The organization also campaigns for systemic change to address the root causes of global poverty and injustice.
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The G-20 major economies agreed to a framework for more debt relief among poor nations, responding to appeals from humanitarian and economic leaders.
Experts cautioned a move by the world's richest countries to give the poorest ones more time to pay off debts will not do enough to alleviate massive suffering.
Four anti-poverty international organizations called on G-20 finance ministers to cancel debts in poor nations so they can deal with the COVID-19 pandemic.