Debt Relief For Poor Countries Extended To Boost Global Economy

Debt Relief For Poor Countries Extended To Boost Global Economy

Debt relief for poor countries extended to boost global economy.

Because of the Coronavirus pandemic, G7 has announced that relief to countries that are poor, could very well be extended beyond 2020.

G7, via a lengthy videoconference meeting, announced that low-income, as well as emerging market economies would require more than the IMFs (International Monetary Fund’s) initial estimate of $2.5 trillion, for dealing with the global economy crisis caused by the killer Novel Coronavirus.

The G7 ministers, in a statement, laid emphasis on the point that for sustainable development, private sector financing was very crucial.

Leave a Reply

Your email address will not be published. Required fields are marked *