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G-20 Extends Debt Relief Plan Amid Warnings It’s Not Enough

  • Relief for poorest nations to continue into first half of 2021
  • World Bank had advocated for yearlong extension to DSSI
David Malpass
David MalpassPhotographer: Andrew Harrer/Bloomberg
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The world’s richest nations agreed to renew a debt-relief initiative for the poorest through at least the first half of 2021, falling short of a World Bank call for a full-year extension as the coronavirus pandemic entrenches poverty.

The G-20, in a communique issued by president Saudi Arabia, said it could order another six-month extension next year. It also pledged to hold an extraordinary meeting before leaders gather in November to further discuss debt relief.