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Top News In பொருளாதாரம் அமைச்சர் டேனியல் பிராங்கோ Today - Breaking & Trending Today

G20 extends debt moratorium for poorest nations till end-2021


G20 extends debt moratorium for poorest nations till end-2021
6 hours ago
Daniele Franco (left) speaks during the 2nd G20 Finance Ministers and Central Bank Governors virtual meeting in Rome on Wednesday. Agence France-Presse
G20 finance ministers and central bankers agreed on 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 offered its support for the International Monetary Fund’s plan to boost its reserve offerings by $650 billion to help impoverished countries.
“We will further step up our support to vulnerable countries as they address the challenges associated with the COVID-19 pandemic,” a joint statement issued by the G20 said. ....

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G-20 advances on digital tax after US drops key obstacle


G-20 advances on digital tax after US drops key obstacle
A global digital tax would target US internet giants such as Amazon, Facebook and Google
AFP
February 27, 2021
MILAN:
The G-20 looked closer to an agreement on Friday on a global digital tax after a change of heart from the United States removed a key stumbling block in the discussions.
Under the previous President Donald Trump, the US had insisted on a so-called safe harbour clause that would have effectively allowed big tech companies to comply voluntarily with a digital tax, blocking progress on a deal.
But in a videoconference with G-20 colleagues, new US Treasury Secretary Janet Yellen said her country will engage robustly in the talks and is no longer advocating for safe harbour ., a Treasury official told AFP. ....

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