G20 agrees to temporary debt standstill for poorest countries

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WASHINGTON: The Group of 20 nations announced support Wednesday for a temporary halt to debt payments by the world?s poorest nations as they struggle to deal with the coronavirus pandemic. ?We support a time-bound suspension of debt service payments for the poorest countries that request forbearance,? the G20 finance ministers and central bankers said in a communique following their virtual meeting.

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