Statement supporting the extension of debt repayment deadlines in developing countries G7 Treasury Ministers' Meeting September 26, 5:31
G7 = Finance ministers of seven major countries will hold a video conference on the night of the 25th of Japan time to extend the debt repayment deadline to support developing countries whose financial situation is becoming severe due to the influence of the new corona virus. We have issued a statement to support.
Deputy Prime Minister and Finance Minister Aso from Japan attended the video conference by the Minister of Finance of G7.
Regarding the debt borrowed by the governments of developing countries, the G20, which includes China and other G7 countries, has agreed to postpone repayment until the end of the year.
At last night's meeting, the G7 announced a statement that it would "support the extension," discussing further extension of repayment deadlines as developing countries' financial situation is becoming more difficult in response to the spread of the infection. did.
Debt expansion in developing countries is seen as one of the risks to the global economy, so the G7 aims to lead the debate and help extend the deadline.
In addition, the statement calls for a strict expression, "expressing strong regret," keeping in mind that China's public financial institutions have not responded to the repayment grace even after the G20 agreement. I did.
After the video conference, Minister Aso told reporters, "For full-scale debt relief to developing countries in the future, fair response by all creditors, including China, is essential. We confirm the common understanding of G7. However, being able to communicate externally is extremely significant. "