G20 finance ministers and central bankers are set to hold talks Wednesday aimed at spurring global recovery from a coronavirus-triggered recession while considering a proposal to extend debt relief for crisis-hit poor countries.
The virtual talks, hosted by current G20 president Saudi Arabia, come a day after the International Monetary Fund warned that global GDP would contract 4.4 percent in 2020 and the damage inflicted by the pandemic would be felt for years.
The meeting will “discuss updates to the G20 Action Plan supporting the global economy through the COVID-19 pandemic,” G20 organizers said in a statement.
The group will also discuss “the progress made on the G20 Debt Service Suspension Initiative (DSSI) and its proposed exten…
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