France to seek debt moratorium for the most fragile countries


© 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.

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

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