URGENT: G-20 agrees to extend debt relief for poor nations amid pandemic

©Kyodo News

Finance chiefs of the Group of 20 major economies agreed Wednesday to extend their debt relief program for poor nations by six months beyond the end of the year to allow them to continue to take measures against the coronavirus pandemic.

In a joint statement released after their videoconference, the G-20 finance ministers and central bank governors also endorsed delaying a multinational deal on new taxation rules for globally operating technology companies like Google LLC and Apple Inc. to mid-2021.