日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Debt assistance worth $2.1b given to poor nations, says finance minister

By CHEN JIA | CHINA DAILY | Updated: 2020-11-21 09:27
Share
Share - WeChat
[Photo/Sipa]

China has provided debt relief worth $2.1 billion to lower-income countries under the G20 framework, the highest among G20 members in terms of deferral amount, Finance Minister Liu Kun said on Friday.

China is the leader among G20 members in terms of the debt relief amount, and this is "an important deliverable for the upcoming G20 Leaders' Summit", the minister said. Reiterating that China will continue to help the world's poorest countries, Liu said the focus would be on tackling debt-related issues and bolstering economic and social recovery.

The G20 debt relief plan aims to enable lower income countries to free up more fiscal space for increasing social, health or economic spending, and meet the short-term liquidity needed to cope with the COVID-19 pandemic, experts said.

As official bilateral creditors, the China International Development Cooperation Agency and the Export-Import Bank of China have implemented all eligible debt suspension requests of the developing nations. The total debt service payments suspended amount to $1.353 billion, with 23 countries benefiting from the initiative, the finance minister said.

The China Development Bank, as a commercial creditor, has also responded to the G20 debt relief initiative, and signed agreements with beneficiaries involving $748 million.

Urging multilateral creditors, including the World Bank Group, to provide positive net inflows to eligible countries under the debt suspension agenda, Liu urged them to be a part of the debt treatment process even beyond the initiative.

"China will provide assistance to developing countries in their efforts to combat the COVID-19 pandemic and achieve economic, social recovery and bolster development to the best of our ability through bilateral and multilateral channels," Liu said in a written interview.

The interview was published ahead of the G20 leaders' virtual summit over the weekend. During the two-day event, the G20 leaders under the presidency of Saudi Arabia will contemplate ways to sustain global economic recovery, despite the COVID-19 pandemic.

Earlier this month, finance ministers and central bank governors of the group proposed a debt relief plan and a common framework for leaders to solve the debt issues of the world's poorest countries.

This is the first time in G20's history that countries have jointly participated in multilateral debt treatment mechanisms. China is participating in a multilateral debt coordination process for the first time. With the global economy sliding into recession against the backdrop of continued spread of COVID-19, the liquidity difficulties of many poor countries may evolve into a solvency crisis, experts said.

In April, a meeting of the G20 finance ministers and central bank governors agreed to suspend debt repayments of the poorest nations falling due from May 1 to the end of the year. They also achieved a consensus in October to extend the debt repayment to June 30, 2021, and to examine, by the time of the 2021 Spring Meetings of the International Monetary Fund and the World Bank Group, whether the economic and financial situation requires a further extension of the initiative by another six months.

"China took the lead in calling for and supporting the extension of the Debt Service Suspension Initiative," said Liu.

Liu called on the World Bank Group to take part in debt treatments and explore various options to provide more support to the poorest countries in alleviating the debt burden.

"If the World Bank Group takes part in debt treatment by setting up a multilateral debt relief facility, China will positively consider contributing to the facility as such to help ease the debt burden on the poorest countries," he said.

According to World Bank Group report-International Debt Statistics 2021-multilateral creditors account for almost 50 percent of eligible countries' total public and publicly guaranteed debt.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 精品久久香蕉国产线看观看亚洲 | 国产一区二区三区视频 | 人人爽视频 | 国产精品色综合久久 | 欧美亚洲另类在线 | 99在线精品免费视频九九视 | 亚洲国产精品99久久久久久久久 | 亚洲一区二区三区在线 | 91久久精品国产91久久 | 国产精品久久久久久久午夜 | 一级毛片免费播放视频 | 中文字幕一区二区在线观看 | 亚洲AV无码色情第一综合网 | 污视频免费网站 | 国产亚洲精彩视频 | 久久久中文字幕 | 欧美三级 欧美一级 | 欧美精品成人a多人在线观看 | 精品卡1卡二卡3卡 | 狠狠色噜噜狠狠狠狠2018 | 久热久热 | 成人亚洲一区二区色情无码潘金莲 | 九色在线观看 | 国产一区二区精品在线观看 | 亚洲日韩中文字幕一区 | 亚洲涩综合| 色妞色视频一区二区三区四区 | 色99视频| 国产三级在线观看视频 | 国产精品日韩专区 | 日本高清不卡一区久久精品 | va在线| 日韩精品亚洲一级在线观看 | 免费中日高清无专码有限公司 | 91 在线| 浮力影院最新网址 | 日韩在线视频中文字幕 | 99热这里只有精品久久免费 | 成人午夜精品 | 26uuu最新| 日韩欧美二区在线观看 |