China says has given US$2.1b of debt relief to poor countries


Source: malaymail.com malaymail.com

Key Topics in this News Article:

News Snapshot:

Chinese Finance Minister Liu Kun says the country has extended debt relief to developing countries worth a combined US$2.1 billion (RM8.9 billion) under the G20 framework. — Reuters pic BEIJING, Nov 20 ― China has extended debt relief to developing countries worth a combined US$2.1 billion (RM8.9 billion) under the G20 framework, the highest among the group's members in terms of the amount deferred, the country's Finance Minister Liu Kun said today. Liu's comments come as African countries, hammered by the Covid-19 pandemic, face another debt crisis, and will need more long-term help than the latest G20 Debt Service Suspension...