G20’s debt-suspension initiative helps Arab countries defer $500m in payments
- Date: 01-Oct-2020
- Source: The National
- Sector:Financial Services
- Country:GCC
G20’s debt-suspension initiative helps Arab countries defer $500m in payments
Arab countries were able to defer $500 million in debt payments under the Debt Service Suspension Initiative rolled out by the world's 20 leading economies, Saudi Arabia's finance minister said.
“In response to the