G20 agrees to debt relief for poorest countries amid pandemic

Shares With the global economy plunged into the worst recession in a century, the Group of 20 nations on Wednesday announced a one-year debt standstill for the world's poorest nations as they struggle to deal with the coronavirus pandemic. The G20, which brings together the world's largest economies, also reiterated the pledge to deploy "all available policy tools" to deal with the health and economic crisis caused by COVID-19. With over two million cases and fatalities approaching 130,000 worldwide, many of the less developed countries are facing the heaviest burden since they do not have the spending power to deal with treatment and the economic fallout caused by...