G-20 Looks to Deepen Debt Relief With China’s Coordination
- Framework aims to bolster China coordination with Paris Club
- Economic fallout of pandemic raises fears of a debt crisis
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Policy makers from the world’s largest economies are set to meet Friday to iron out the details of a plan for debt relief to the poorest countries battered by the Covid-19 pandemic.
Finance ministers and central bankers from the Group of 20 scheduled the extraordinary meeting to deepen their work from last month and try to finalize the plan ahead of a summit by their heads of government next week. Officials from host Saudi Arabia will chair the talks.