Debt repayment grace in developing countries Agreed to extend half a year from the end of the year G20 Finance Ministers' Meeting October 15, 4:19
G20 = Finance ministers and central bank governors of 20 major countries will hold a video conference on the night of the 14th of Japan time to support developing countries whose financial situation is becoming severe due to the influence of the new coronavirus. We have agreed to extend the deadline for deferring debt repayment for half a year from the end of the year.
The meeting was attended by Deputy Prime Minister and Finance Minister Aso and Governor Kuroda of the Bank of Japan from Japan.
Under these circumstances, each country should extend the deadline for deferring debt repayment by the end of the year for half a year in order to support developing countries whose financial situation is becoming severe due to the influence of the new coronavirus. Agreed with.
After that, we will discuss further support measures such as debt reduction before the G20 summit next month.
However, there have been criticisms from developed countries that China's government-affiliated financial institutions have not disclosed the details of loans to developing countries and that they have not responded to repayment grace. Effectiveness will be questioned.
At this meeting, they also agreed that they would postpone the year-end agreement on the new taxation rules for giant IT companies, etc., and aim for the middle of next year.