WASHINGTON - Finance ministers from the Group of Seven rich countries on Monday noted improved economic conditions in their economies, but underscored their concerns about the debt problems facing low-income countries, a US Treasury spokesperson said.
The meeting also included the leaders of the World Bank and the International Monetary Fund, who have urged the Group of 20 countries to extend their Debt Service Suspension Initiative given the economic impact of the pandemic. But implementation of the debt freeze has been challenging, triggering calls for its extension and expansion.
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