G-20 to agree on partial debt waiver for poor nations amid pandemic
G-20 to agree on partial debt waiver for poor nations amid pandemic

Finance chiefs from the Group of 20 major economies are expected to agree Friday to forgive part of the debts owed by developing countries as a further step to support them in fighting the coronavirus pandemic, conference sources said.The G-20 finance ministers and central bank governors are holding a virtual meeting to discuss the bolder action than their earlier decision to suspend debt repayment by such countries. But some members including China, the world’s largest official creditor, have been seen as reluctant to commit to the additional step.The finance chiefs will release a joint state…

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