11/21, 10:22 AM (Source: TeleTrader)
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G20 debt moratorium good for post-pandemic world - Michel

European Council President Charles Michel stated on Saturday the extension to debt relief the Group of 20 (G20) had agreed on was a "good step" towards a more inclusive world after the end of the coronavirus pandemic.

"I'm convinced more debt relief is needed," he added. "We have to break the cycle of over-indebtedness."

Michel previously urged the G20 to extend the moratorium beyond mid-2021 and the creditors to "do their share" to make sure their moves were in line with the new sustainable development model.

Breaking the News / JR