The agreement has been called historic.
Last November, the G20 member states decided to adopt a "common framework" for future debt restructuring of the 73 poorest countries on the planet.
The issue of debt sustainability and more broadly of its financing will be on the menu, Friday, at the meeting of G20 finance ministers.
The solution pushed by Paris to allocate an additional envelope of 500 billion dollars in special drawing rights (SDRs) - the reserve currency of the IMF - received, Thursday, the approval of Washington, which blocked under the Trump presidency.
However, Treasury Secretary Janet Yellen did not mention an amount.
Read also:
Coronavirus: understand everything about the risks posed by the imposing African debt
This would bring 18 billion of available liquidity to Africa.
But rich countries could lend it part of their new SDR envelope at very low rates.
The IMF estimates the aid needs of low-income countries at $ 450 billion between 2021 and 2025.
Their financial situation had already deteriorated
This article is for subscribers only.
You have 75% left to discover.
Subscribe: 1 € the first month
Can be canceled at any time
I ENJOY IT
Already subscribed?
Log in
