Fresh hope as G20 considers new extension of debt delay
A handout picture released by G20 Saudi Arabia on July 18, 2020, shows Saudi Finance Minister Mohammed Al-Jadaan wearing a protective mask as he chairs a virtual meeting of finance ministers and central bank governors from G20 nations, in the capital Riyadh. - The talks aimed at spurring global economic recovery from a coronavirus-triggered recession amid growing calls to widen debt relief for crisis-hit poor countries. (Photo by - / G20 SAUDI ARABIA / AFP)
What you need to know:
The G20 countries announced a one-year debt standstill for the world’s poorest nations in April. But experts criticised the measure as grossly inadequate to stave off the knock-on effects of the pandemic.
