Home Business Debt repayments of $3.68 billion from G20 countries have been delayed NewsPipa

Debt repayments of $3.68 billion from G20 countries have been delayed NewsPipa

NewsPipa

Over the past 2 years, there have been delays in debt repayments of 3 billion 68 million dollars from G20 countries.

According to the document issued by the Economic Affairs Division, the debt repayments of the G20 countries have been suspended in three phases from 2020 to 2021.

In 2021, a total of more than 2 billion 70 million dollars of debt was suspended. During 2020, 1 billion 60 million dollars of debt was in arrears.

Another $189.5 million in loans from Japan, Italy, Spain will be deferred further. Debt repayments in G20 countries will take place from 2025 to 2028.

In the third session, 94.7 million dollars of debt has been suspended so far from G20 countries. After the agreement with Japan, Italy and Spain, this amount will be more than 1 billion 13 million dollars.

According to the document, during the Corona pandemic, the G20 countries started delaying debt repayments.

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