About: http://data.cimple.eu/news-article/98441ba6fb31b588b3a66c5593d43152251e0b1d86dadf64a757e52c

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About: http://data.cimple.eu/news-article/98441ba6fb31b588b3a66c5593d43152251e0b1d86dadf64a757e52c Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	G7 finance ministers on Friday reiterated their call for private lenders to participate in a debt suspension program for the poorest nations that was announced in April as the coronavirus attacked global economies. "We reiterate our call for private creditors to implement the DSSI on a voluntary basis when requested by eligible borrowers," the bloc said in a statement released by the US Treasury, referring to the Debt Service Suspension Initiative. Finance ministers and central bankers from the G20 had earlier in the year endorsed an immediate one-year debt suspension for the poorest countries, which are particularly vulnerable to the economic impacts of the Covid-19 pandemic. The Friday statement from the seven most-industrialized nations -- the United Kingdom, Canada, France, Germany, Italy, Japan and the United States -- supported extending this initiative, known as DDSI. "Recognizing the ongoing financial needs of low-income countries, we support extending the DSSI in the context of a request for IMF financing," the ministers said. They added that the extension "should reflect the G20's commitment to transparency and creditor coordination... as well as (reflect) the need for fair burden sharing among all creditors." The ministers also said they "strongly regret" moves by some countries to classify state-owned financial institutions as commercial lenders to avoid participating in the initiative. G20 finance ministers are meeting next month, and the statement also calls on them to agree on terms for further debt relief for poor nations. cs/ec
schema:headline	G7 ministers urge private sector debt relief for poorest nations
schema:mentions	Kingdom of Italy Reiterate Creditor Debt relief United States Department of the Treasury Urge (digital music service) Group of Seven International Monetary Fund G20 Japan Canada Pandemic France United Kingdom United States Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Digital Storage Systems Interconnect EC (programming language)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	93 (xsd:integer)

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