Washington DC - Chaired by Saudi Arabia, G20 Finance Ministers met virtually and focused on the global health and economic impacts of the coronavirus.
Eric LeCompte, Executive Director of the religious development organization Jubilee USA Network, releases the following statement on the G20 Finance Minister Communiqué:
"The G20 Finance Ministers offered stronger language on the need for the private sector to participate in debt payment relief initiatives for the world's poorest countries.
"Given the severity of the current crisis, we hoped we'd see more action, including increasing the debt payment suspension initiative into next year.
"Decisions on further debt payment suspensions, permanent reductions of debt, trillions of dollars of needed aid and extending debt relief to more struggling countries will be left for meetings later this year.
"The G20 emphasized again it's strong commitment to moving forward global anti-money laundering laws."
Read the G20 Finance Minister Communiqué here.