⁍ G20 leaders vow to ‘do whatever it takes’ to support the global economy and financial stability.
⁍ They agreed to extend a freeze in official bilateral debt payments by six months.
⁍ They expressed disappointment about the absence of private sector creditors in the moratorium.
– The G20 finance ministers and central bank governors have wrapped up a two-day meeting in Washington with a pledge to “do whatever it takes” to support the global economy and financial stability, Reuters reports. In a lengthy communique, they underscored the urgent need to bring the spread of the coronavirus under control, and vowed to “do whatever it takes” to support the global economy and financial stability. They also agreed to extend a freeze in official bilateral debt payments by six months, given continued liquidity pressure on low-income countries, and expressed disappointment about the absence of private sector creditors in the moratorium.
Source: https://www.reuters.com/article/us-imf-world-bank-g20-communique/g20-says-must-get-covid-19-under-control-to-support-global-recovery-idUSKBN26Z284