Economic news

G7 backs debt relief efforts for Sri Lanka – draft communique

2022.05.19 20:05

G7 backs debt relief efforts for Sri Lanka - draft communique
People wait in a queue to buy kerosene at a fuel station, amid the country’s economic crisis in Colombo, Sri Lanka, May 18, 2022. REUTERS/Adnan Abidi

KOENIGSWINTER, Germany (Reuters) – The Group of Seven economic powers support debt relief efforts for Sri Lanka, G7 finance chiefs said on Thursday in a draft communique from a meeting in Germany after the country defaulted on its sovereign debt.

“The G7 stands ready to support the Paris Club’s efforts, in line with its principles, to address the need for a debt treatment for Sri Lanka,” the draft statement to be finalised before the end the meeting on Friday said.

G7 finance chiefs also singled out China, which has become a major creditor to low-income countries, to actively contribute to debt relief for such countries.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 99,164.57 1.81%
ethereum
Ethereum (ETH) $ 3,481.59 0.79%
tether
Tether (USDT) $ 0.999953 0.10%
xrp
XRP (XRP) $ 2.31 0.37%
bnb
BNB (BNB) $ 704.34 2.07%
solana
Solana (SOL) $ 199.69 2.69%
dogecoin
Dogecoin (DOGE) $ 0.333702 0.92%
usd-coin
USDC (USDC) $ 1.00 0.20%
staked-ether
Lido Staked Ether (STETH) $ 3,474.24 0.72%
cardano
Cardano (ADA) $ 0.918023 0.52%
tron
TRON (TRX) $ 0.258014 1.00%
avalanche-2
Avalanche (AVAX) $ 40.67 0.20%
chainlink
Chainlink (LINK) $ 24.72 0.72%
the-open-network
Toncoin (TON) $ 5.99 4.93%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,129.31 1.15%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 0.54%
sui
Sui (SUI) $ 4.59 0.14%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,883.49 1.76%
hedera-hashgraph
Hedera (HBAR) $ 0.314991 2.74%
stellar
Stellar (XLM) $ 0.386553 3.05%
polkadot
Polkadot (DOT) $ 7.53 1.38%
weth
WETH (WETH) $ 3,483.73 0.85%
hyperliquid
Hyperliquid (HYPE) $ 28.21 2.65%
bitcoin-cash
Bitcoin Cash (BCH) $ 461.87 1.14%
leo-token
LEO Token (LEO) $ 9.50 0.65%
uniswap
Uniswap (UNI) $ 13.89 3.91%
litecoin
Litecoin (LTC) $ 109.43 1.38%
bitget-token
Bitget Token (BGB) $ 5.73 15.99%
pepe
Pepe (PEPE) $ 0.000019 1.47%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,674.85 0.92%
near
NEAR Protocol (NEAR) $ 5.46 0.38%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.24%
aave
Aave (AAVE) $ 371.53 1.28%
aptos
Aptos (APT) $ 9.68 0.80%
usds
USDS (USDS) $ 1.00 0.09%
internet-computer
Internet Computer (ICP) $ 11.27 2.01%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.518815 0.16%
crypto-com-chain
Cronos (CRO) $ 0.158675 4.01%
vechain
VeChain (VET) $ 0.052064 0.01%
mantle
Mantle (MNT) $ 1.25 1.85%
ethereum-classic
Ethereum Classic (ETC) $ 27.36 1.79%
render-token
Render (RENDER) $ 7.59 1.19%
bittensor
Bittensor (TAO) $ 502.92 2.58%
monero
Monero (XMR) $ 197.93 3.69%
mantra-dao
MANTRA (OM) $ 3.79 1.21%
whitebit
WhiteBIT Coin (WBT) $ 24.96 0.54%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.36 0.73%
dai
Dai (DAI) $ 1.00 0.19%
arbitrum
Arbitrum (ARB) $ 0.804391 0.46%
filecoin
Filecoin (FIL) $ 5.33 1.12%