Some developing countries still struggling to combat the COVID-19 pandemic have been granted more time to stave off the economic effects after the G20 group of the world’s largest economies extended its offer of temporary debt relief, introduced last year.
The debt freeze, launched in May 2020, was initially supposed to last until December 2020, but was then extended until June 2021. That deadline was pushed back until the end of this year.
The group is currently being chaired by Italy, and the country’s Finance Minister Daniele Franco insisted this would be the last time the program was extended.
“This final exte…
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