The European Union announced, on Monday 23 November, that it will contribute €183 million to the IMF’s Catastrophe Containment and Relief Trust (CCRT) for debt relief in 29 low-income countries, allowing them to increase their social, health and economic spending in response to the COVID-19 crisis.
The announcement comes after the G20 summit under the Saudi presidency approved, last weekend, a common multilateral framework for the coordinated treatment of debt beyond the Debt Service...