Industrial nations consider extending debt relief over virus
Martin Crutsinger | Hagadone News Network | UPDATED 4 years, 1 month AGO
WASHINGTON (AP) — The world's major economies are considering a proposal to extend for six months a moratorium on debt payments by poor nations as a way to provide support during the worst global recession since the 1930s.
The issue is being discussed at a virtual meeting Wednesday of the Group of 20 major industrial countries, which includes traditional economic powers such as the United States, Japan and Germany and emerging economies such as China.
The virtual discussions are being held at the start of this week's meetings of the 189-nation International Monetary Fund and the World Bank, which are also being conducted virtually because of the coronavirus pandemic.
Mohammed al-Jaardan, the finance minister for Saudi Arabia, this year's chair of the G-20, said the suspension of debt payments, due to expire by year's end, should be extended into 2021.
World Bank President David Malpass has told reporters that he expects the extension will be for six months.
ARTICLES BY AYA BATRAWY
Qatar emerges from Gulf spat resolute and largely unscathed
DUBAI, United Arab Emirates (AP) — Qataris awoke to a surprise blockade and boycott by Gulf Arab neighbors 3 1/2 years ago, and this week were jolted again by the sudden announcement that it was all over.
Gulf Arab leaders sign declaration to ease rift with Qatar
AL-ULA, Saudi Arabia (AP) — Gulf Arab leaders signed a declaration Tuesday to ease a rift with Qatar, following Saudi Arabia’s decision to end a 3 1/2-year embargo of the tiny energy-rich country that deeply divided regional U.S. security allies and frayed social ties across the Arabian Peninsula.
Gulf Arab leaders sign declaration to ease rift with Qatar
AL-ULA, Saudi Arabia (AP) — Gulf Arab leaders signed a declaration Tuesday to ease a rift with Qatar, following Saudi Arabia’s decision to end a 3 1/2-year embargo of the tiny energy-rich country that deeply divided regional U.S. security allies and frayed social ties across the Arabian Peninsula.