G-20 to agree to forgive part of poor nations' debts amid pandemic
G-20 to agree to forgive part of poor nations' debts amid pandemic

Finance chiefs of the Group of 20 major economies will agree to forgive part of the debts owed by poor countries in an additional step to help them take measures against the coronavirus pandemic, sources close to the matter said Monday.The G-20 finance ministers and central bank governors are aiming to reach the agreement when they meet online on Nov. 13. But the sources also said there is uncertainty over whether China, the developing world’s biggest creditor, will commit sufficiently to the emergency scheme.The teleconference will precede a virtual G-20 summit scheduled for Nov. 21 and 22.Th…

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