The leaders of the G20 countries supported the initiative to extend the moratorium on debt payments of the poorest countries until June 2021. This is reported in the declaration following the summit, which ended on Sunday, November 22.
This delay is due to the inability of many countries to fulfill their debt obligations.
The G20 is committed to “supporting all developing and least developed countries in responding to the pandemic, with a focus on those most affected by it”. We will continue our efforts to protect and help lives, ”the statement said.
In addition, the leaders of the G20 countries have pledged to build a strong, balanced era after the coronavirus pandemic.
On the eve, Russian President Vladimir Putin at the G20 summit said that the scale of the problems that humanity faced in 2020 is unprecedented.
In particular, the Russian leader noted that in the future, massive unemployment and rising poverty are the main risks for the world.
The International Monetary Fund (IMF) on October 1 announced the need to prevent a sovereign debt crisis in order to avoid serious economic problems.
In July, the IMF predicted that the total sovereign public debt of all countries by the end of 2020 will reach 101.5% of world GDP for the first time in history.