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G20 to extend debt freeze for poorest nations, wrangling over next steps

Finance ministers and central bankers from China, the United States and other G20 countries mapped out their plans in a draft communique

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Reuters  |  BRUSSELS/WASHINGTON/LONDON 

By Jan Strupczewski, Andrea Shalal and Elizabeth Howcroft BRUSSELS/WASHINGTON/LONDON (Reuters) - The G20 group of major economies is poised to extend a multi-billion-dollar debt freeze for the world's poorest countries to help them weather the coronavirus crisis, and may adopt a common approach to dealing with longer-term debt restructurings. Finance ministers and central bankers from China, the United States and other G20 countries mapped out their plans in a draft communique seen by Reuters on Tuesday, and are due to finalize the wording when they meet online early ...

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First Published: Wed, October 14 2020. 10:05 IST
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