Saturday, 21 Nov 2020 10:21 AM MYT
Bringing the pandemic under control is the key to supporting a global economic recovery, the G20 leaders said in the draft, excerpts of which were seen by Reuters. G20 leaders said they would decide next spring whether to extend the freeze, the Debt Service Suspension Initiative, for another six months, and endorsed a common framework for debt restructuring hammered out with the Paris Club of official creditors.
The draft communique also expressed support for a push by the International Monetary Fund to explore additional tools to address countries’ needs as the crisis evolved, and to address the “particular challenges faced by small developing states”.
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