France to seek debt moratorium for the most fragile countries
Reuters
Published Mar 31, 2020 05:28AM ET
PARIS (Reuters) - France will seek a debt moratorium for the poorest countries as part of a package of measures to help them cope with the coronavirus crisis, 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 International Monetary Fund and offering 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 journalists.
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Written By: Reuters
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