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Wednesday’s video conference meeting of finance ministers and central bank governors ran well over the scheduled two hours, delaying news conferences planned by al-Jadaan and International Monetary Fund Managing Director Kristalina Georgieva.(Reuters file photo)

G20 countries agree debt freeze for world’s poorest countries

By Reuters | Dubai/Riyadh/Washington
PUBLISHED ON APR 16, 2020 07:27 AM IST
The actions to freeze both principal repayments and interest payments will free up more than $20 billion for the countries to spend on improving their health systems and fighting the coronavirus pandemic, Saudi Finance Minister Mohammed al-Jadaan told reporters after a virtual meeting of G20 finance officials.
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