G7 finance ministers pledged to halt debt payments to the poorest countries at least until the end of the year, in line with an earlier G20 position, they announced on Wednesday. of a virtual conference.
"We are committed to implementing the debt service suspension initiative approved by the G20 and the Paris Club (April 15, editor's note)," they said in a press release.
This implementation will be done “by suspending the official payments of the bilateral debt of the poorest countries until the end of 2020 and perhaps longer, by providing these countries with budgetary space in order to finance social, health and other measures to deal with the pandemic, ”they added.
"We continue to work together to advance the international economic response to the Covid-19 pandemic, with a focus on the poorest and most vulnerable countries," said the G7, made up of Germany, from Canada, the United States, France, Italy, Japan and the United Kingdom.