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Help for low-income nations tops agenda at G20 meeting

Help for low-income nations tops agenda at G20 meeting AFP 2 hrs ago AFP © Handout Post-pandemic recovery plans, increasing help for poor countries and a global corporate tax are on the agenda of the virtual G20 meeting hosted by Italy. G20 finance ministers and central bankers began a videoconference Wednesday to coordinate post-pandemic recovery plans, increase help for the poorest Covid-hit countries and discuss a US-backed global minimum corporate tax. The meeting hosted by current G20 chair Italy comes a day after the International Monetary Fund forecast faster than expected global economic growth this year, of 6.0 percent, after the coronavirus pandemic in 2020 caused the worst peacetime downturn since the Great Depression.

G20 agrees more help for poorest Covid-hit nations

G20 agrees more help for poorest Covid-hit nations AFP 5 hrs ago AFP © Handout Post-pandemic recovery plans, increasing help for poor countries and a global corporate tax are on the agenda of the virtual G20 meeting hosted by Italy. G20 finance ministers and central bankers agreed Wednesday to extend a moratorium on debt interest payments for the poorest countries, which could lag behind the global recovery from the coronavirus pandemic. In an online meeting, the Group of 20 most powerful nations also backed the International Monetary Fund s plan to boost its reserve offerings to help impoverished nations, and pledged to reach a deal on global tax reform by the middle of the year.

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