France will call for aid for developing countries fighting Covid-19 during a ‘virtual’ meeting of 20 economic powers today

FRANCE has pledged to secure a debt moratorium for developing countries as part of a package of measures to help them deal with the Covid-19 crisis.

Finance minister, Bruno Le Maire, said today he will seek “massive and immediate aid” for the poorest countries when finance ministers from a group of 20 economic powers hold a conference call later today.

He said he will call for increased special drawing rights at the International Monetary Fund and the offer of special credit lines to complement swap lines between central banks.

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

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Written by

Tara Rippin

Tara Rippin is a reporter for Spain’s largest English-speaking newspaper, Euro Weekly News, and is responsible for the Costa Blanca region.
She has been in journalism for more than 20 years, having worked for local newspapers in the Midlands, UK, before relocating to Spain in 1990.
Since arriving, the mother-of-one has made her home on the Costa Blanca, while spending 18 months at the EWN head office in Fuengirola on the Costa del Sol.
She loves being part of a community that has a wonderful expat and Spanish mix, and strives to bring the latest and most relevant news to EWN’s loyal and valued readers.

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