G20 Debt repayment of low-income countries: Suspended agreement 5:51 April 16
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Following the global spread of the new coronavirus, G20 = 20 major countries held a meeting of Finance Ministers and Central Bank Governors. Countries have agreed to use all available policy instruments to support the world economy and to temporarily suspend debt service in low-income countries with poor health care.
The video conference by the G20 Finance Minister and Central Bank Governor was held from around 8 pm Japan time on the 15th, and was attended by Japan's Deputy Prime Minister Aso and Finance Minister and the BOJ Governor Kuroda.
After the meeting, the G20 issued a statement, stating that "the priority is to overcome the pandemic of the new coronavirus and its impact on health care and the economy." We will use all available policy instruments to support it. "
Then, in order to support measures to prevent the spread of infection in low-income countries with insufficient medical systems, G20 countries, including China, will grace the debt repayment of low-income countries until the end of the year. I agreed.
In addition, each country also asks private companies for repayment grace under similar conditions.
In addition, the G20 action plan, which lists items implemented by various countries in a wide range of fields such as health care, economics, and finance, was approved, and it is said that they were able to share a sense of crisis regarding the spread of the new coronavirus infection.
After the video conference was held, finance minister Jadaan of Saudi Arabia, the presidency, held a press conference.
Finance Minister Jadern said that he agreed to temporarily suspend the repayment of debt by low-income countries with insufficient medical systems, saying, "It is an important passage point. We can support the health care sector and people facing the new coronavirus without fearing that, "he said.