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G20 Finance Ministers Expected to Approve Multi-Billion Dollar Debt Freeze Extension For the World’s Poorest Countries

Finance ministers and central bankers from China, the United States, and other G20 countries are expected to release a communiqué on Wednesday, according to Reuters, which will extend the Debt Service Suspension Initiative (DSSI) beyond the end of this year. It’s not clear, though, if the new extension will go all the way through 2021 as debtor nations have requested or if it will just last until June.

So far, the DSSI has helped more than 40 developing countries, many in Africa, defer at least $5 billion in official debt payments.

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