China Postponed the Debt of 23 Poor Countries

China Postponed the Debt of 23 Poor Countries China postponed the debt of 23 poor countries. The country postponed the total debt of these countries to $ 2.1 billion during the coronavirus outbreak. According to the report in the South China Morning Post newspaper, Chinese Finance Minister Liu Kun has announced that since May 1, they delayed $ 1 billion 353 million debt of the China International Development and Cooperation Agency and China Import and Export Bank, after decision to postpone the debts by the G-20 countries. Minister Liu stated that the Chinese Development Bank, which has the status of commercial creditor, therefore not included in the G20's postponement program, also voluntarily postponed the bank’s debt of $ 748 million. The Debt Cycle Postponement Program (DSSI), led by the G20 countries, aimed to postpone their debts so that 73 countries whose economies were damaged by the impact of the coronavirus (Covid-19) epidemic could allocate their resources to efforts to combat the pandemic.     Source: AA