G20 extends debt relief for poor countries by 6 months

A man stands next to a board with the G20 Meeting of Finance Ministers logo in Buenos Aires. Credit: Reuters Photo

G20 nations on Wednesday announced they were extending a debt suspension initiative for the world's poorest countries by an additional six months, until June 2021.

"G20 finance ministers and central bank governors just agreed to extend the G20 Debt Service Suspension Initiative by an additional 6 months to support the most vulnerable countries in their fight against the Covid-19 pandemic," the group announced on Twitter.

Also read: Debt cancellation needed to help poorest countries: World Bank