G-7 Countries Back Debt Relief for Poorest If G-20 Join

The Group of Seven countries—the world’s largest advanced economies—said they would support an initiative to suspend the debt payments of the world’s poor countries, so long as the initiative is taken up by a broader group of nations.

The International Monetary Fund and World Bank have called on the world’s wealthy economies to allow poor countries to postpone their debt payments for up to 14 months, freeing up funds to fight the coronavirus pandemic. The forbearance proposal would apply to official bilateral debt—that is,…

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