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About: http://data.cimple.eu/news-article/4a86f0bd9aa8b2e89d51a9127c9ed160cb89a05f1c6f2c708b9c83a4 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Ethiopia, Chad, DR Congo and Pakistan became the latest countries to secure a moratorium on debt repayments from the Paris Club, the group of creditor nations said, in an effort to ease the economic impact of the coronavirus crisis. In mid-April, the G20 and the Paris Club agreed to waive most debt payments for the world's poorest countries in 2020, as sweeping virus lockdowns upturned the global economy. Since then, 30 eligible countries have officially asked for a moratorium, the group said. The new agreements announced Tuesday mean a dozen nations have now agreed on such a measure. "For these 12 countries, the total amount... thus deferred to date is around USD 1.1 billion, plus the deferment of pre-existing arrears," said the Paris Club. The group was founded in 1956 and is made up of major industrialised nations that provide bilateral loans. In all, 77 countries with a combined debt of $36 billion are eligible for the moratorium this year. Loan payments not made this year are to spread out over three years beginning in 2022. Virus lockdowns have put severe strains on government revenues, just as many nations need to step up health spending to combat the new disease. im/bfi/kaf/qan
schema:headline	Four more countries secure Paris Club debt moratorium
schema:mentions	Dominican Republic Creditor Chad Group of Eight Democratic Republic of the Congo Ethiopia G20 United States dollar Pakistan Virus Coronavirus disease 2019 Debt moratorium Paris Club British Film Institute
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-10 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	62 (xsd:integer)

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