The finance ministers of the world’s 20 major economies supported “a suspension of debt service payments for the poorest countries” affected by the COVID-19 pandemic in a communiqué adopted on Wednesday 15 April at the end of their meeting.
The suspension of debt service “takes effect immediately” and means that “poor countries need not worry about meeting their maturities over the next 12 months”, Saudi Finance Minister Mohammed al-Jadaan said at a virtual press conference...