G7 to press China on debt relief for coronavirus-hit poor nations


Source: scmp.com

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Seven developed nations backed extending G20 Debt Service Suspension Initiative beyond 2020 but acknowledge ‘shortcomings’ of delivery China resists calls from G7 and World Bank to include the China Development Bank in the debt initiative Seven developed nations backed extending G20 Debt Service Suspension Initiative beyond 2020 but acknowledge ‘shortcomings’ of delivery. The Group of Seven (G7) wealthy nations plans to use next month’s meeting of G20 finance ministers to pressure China to fully implement a debt relief programme for poor nations. The G7 ministers from Britain, Canada, France, Germany, Italy, Japan and the United States want to push for...