USA: G7 backs extension of G20 debt freeze; calls for reforms to address 'shortcomings'
WASHINGTON/PARIS (Reuters) - G7 finance ministers on Friday backed an extension of a G20 bilateral debt relief initiative for the world’s poorest countries, but said it must be revised to improve its implementation.
In a lengthy joint statement, the ministers from the Group of Seven advanced economies said they “strongly regret” moves by some countries to skip participation by classifying their state-owned institutions as commercial lenders.