In an online meeting of G20 Finance Ministers and Governors of Central Banks led by Saudi Arabia, the payment of loans was extended to provide relief to the poor countries of the world.
The meeting discussed the new horizons of the international economy, the threats faced and the changes in the group’s plan of action to deal with the global epidemic of corona virus.
The Saudi delegation in the meeting was led by the Minister of Finance Muhammad Al-Jadaan and the Governor of the Saudi Arabian Monetary Authority (SAMA) Dr. Ahmed Al-Khalifi.
In the joint statement released after the meeting, it is said that the finance ministers participating in the G20 meeting have extended the suspension of bilateral debt payments.
According to the Saudi media, it was said in the announcement that the G20 has extended another 6 months in the payment of debts to the poorest countries.
The G20 finance ministers expressed their commitment to ensure financial stability at the meeting, they asked the International Monetary Fund to prepare an analytical study of the financing of developing countries and meeting the needs of member countries.
The finance ministers have also appealed to the World Bank to expand its scope, G20 finance ministers will hold another emergency meeting before the summit.
It should be noted that according to the G20 plan of action, the payment of debts of more than 14 billion dollars to very poor countries has been postponed so that they can allocate their sources of income to deal with the epidemic.
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