France to seek debt moratorium for the most fragile countries

0
33

© Reuters. The weekly cabinet meeting in Paris

PARIS (Reuters) – France will seek a moratorium for the poorest countries as part of a package of measures to help them cope with the coronavirus , France’s finance minister said on Tuesday.

Bruno Le Maire said he would call for “massive and immediate aid” for developing countries when finance ministers from Group of 20 economic powers hold a conference call later on Tuesday.

Le Maire said he would propose increasing special drawing rights at the and offering special credit lines to complement swap lines between central banks.

Article continues below Advertisement...

“We will also call for a moratorium on the debt of the most fragile countries,” Le Maire told journalists.

Disclaimer: Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, ) and Forex are not provided by exchanges but rather by market makers, and so may not be accurate and may differ from the actual market , meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here