The Group of Seven advanced nations favours a temporary halt to debt payments from the world's poorest countries, but only if G20 governments also agree, AFP report said quoting G7 finance ministers said Tuesday.

The Group of Seven advanced nations favours a temporary halt to debt payments from the world's poorest countries, but only if G20 governments also agree, AFP report said quoting G7 finance ministers said Tuesday. Noting that these countries face the most hardship in trying to deal with the coronavirus pandemic, the G7 members "stand ready to provide a time-bound suspension on debt service payments" owed to their governments "if joined by all bilateral official creditors in the G20 and as agreed with the Paris Club." The G20 includes major emerging market economies like China and Russia.

G7 favours temporary halt to debt payments for poorest countries if G20 agrees

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