The G20 countries agreed to freeze the debts of the poorest countries in the world

The G20 countries agreed to freeze the current debt of the poorest countries of the world in connection with world crisis caused by the pandemic coronavirus. About it it is spoken in the statement of the Finance Ministers of “Big twenty” at the end of the videoconference, which took place on April 15.

In a communiqué despair that Ministers support the “temporary suspension of payments for servicing debts for the poorest countries of the world.” State (a list of them in the communiqué not provided) will have the opportunity not to make payments until the end of 2020, to be able to redirect these funds to fight the epidemic of the coronavirus.

The G20 called on all international financial institutions are to release the poorest countries from the mandatory payments to the end of the year, while maintaining the ratings and the cost of lending at the current level.

This decision, said the communiqué, supported by the Paris club of creditors.

13 April about the release of the 25 world’s poorest countries from debt payments for six months announced by the international monetary Fund. Payments from liberated Afghanistan, Benin, Burkina Faso, Haiti, Gambia, Guinea, Guinea-Bissau, Comoros, Yemen, the Democratic Republic of the Congo, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, Sao Tome and Principe, Solomon Islands, Sierra Leone, Tajikistan, Togo, Central African Republic and Chad.

On 23 March, the IMF Director Kristalina Georgieva praised the loss of the emerging markets in the pandemic of $83 billion on March 27, she said that the global economic crisis, caused by the spread of a coronavirus that has already begun.

April 9, Georgieva noted that because COVID-19 in the IMF expect the worst of the economic impact since the great depression.

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