Under Saudi Arabia’s Chairmanship, G20 Member States’ Finance Ministers, Central Bank Governors Hold Extraordinary Meeting

Under Saudi Arabia’s Chairmanship, G20 Member States’ Finance Ministers, Central Bank Governors Hold Extraordinary Meeting

The Finance Ministers and Central Bank Governors of the G20 Countries held a meeting today under the Kingdom of Saudi Arabia's presidency of the G20, chaired by Minister of Finance Mohammed Al-Jadaan and Governor of the Saudi Arabian Monetary Authority Dr. Ahmed Al-Kholifey.The Finance Ministers and Central Bank Governors of the G20 Countries issued the following statement:Given the scale of the COVID-19 crisis, the significant debt vulnerabilities and deteriorating outlook in many low-income countries, we recognize that debt treatments beyond the Debt Service Suspension Initiative (DSSI) may be required on a case-by-case basis.In this context, we endorse the "Common Framework for Debt Treatments beyond the DSSI“ (Annex I), which is also endorsed by the Paris Club.We remain committed to implementing the DSSI, in close coordination, to provide maximum support to