Coronavirus: G20 delays poor nations' debt payments

[muriel_volestrangler]

Source: BBC

Nations belonging to the G20 group of leading economies have agreed to suspend debt payments owed to them by some of the world's poorest countries.

The agreement covers money that is due to be paid to G20 governments up to the end of 2020.
...
The UK-based charity estimates that the delay will cover $12bn (£9.6bn) of payments.

But it is only a delay and the campaign group understands that the payments will instead have to be made between 2022 and 2024, along with interest accrued in the meantime.

In all, 77 countries are due to benefit from the agreement.



Read more: https://www.bbc.co.uk/news/business-52292249

---

The Jubilee Debt Campaign points out a similar step for private lenders is also needed, and the G20's suggestion that that could be done on a voluntary basis is laughable; these are the vulture capitalists we're talking about, with a proven track record of screwing anyone, no matter the death and poverty it causes. It suggests the UK and New York are the jurisdictions where modifications to the relevant laws are needed.

[keithbvadu2]

1. Jared Kushner sent letters that he was expecting the rent despite your tough luck.

Jared Kushner sent letters that he was expecting the rent despite your tough luck.

https://www.motherjones.com/coronavirus-updates/2020/03/jared-kushner-nyc-platform/

As the Coronavirus Hit, Jared Kushner’s Company Told Renters to Take Action to Pay “ASAP”