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G-20 May Now Look Beyond Initial Debt Relief to Poor Nations

  • Group in May suspended debt payments for vulnerable nations
  • Calls to extend debt standstill, discuss new SDR allocation
Kibera, Nairobi, on July 15.

Photographer: Yasuyoshi Chiba/AFP via Getty Images

Updated on

The Group of 20 leading economies this weekend may have to consider expanding help for the world’s poorest countries, three months after agreeing to provide temporary debt relief, as the coronavirus pandemic continues to ravage nations.

Central bankers and finance ministers from the G-20 will hold a virtual meeting on Saturday to discuss and coordinate phased efforts to spur a global economic recovery. Looking beyond just debt relief efforts would be part of that.