Finance Minister Liu Kun: China will continue to actively participate in the multilateral debt coordination process through the G20 channel_ 东方 财 网

Original title: Finance Minister Liu Kun: China will continue to actively participate in the multilateral debt coordination process through the G20 channel

From November 21-22, 2020, the G20 will hold the XV Leaders Summit. As a major agenda of this year’s G20 finance channel, the G20’s “Debt Repayment Initiative for the Poorest Countries” and the “Common Framework for Debt Management after the Debt Relief Initiative” will be They will present at the leaders summit as important financial channels. This is the first time in the history of the G20 that all parties have participated in the processing of multilateral debt.societyWorried in general. Recently,financialMinister Liu Kun on the G20 debt agendato acceptInterviews of Chinese and foreign journalists.

Liu Kun said that as a member of the G20 and related countriesClaim (esPeople, China attaches great importance to the implementation of debt relief initiativesjobsSo far, the National Agency for International Development Cooperation and Chinaimport and exportBankAs a bilateral officialcreditor, Has fully implemented the debt relief application that meets the requirements of the initiative, and the amount of debt relief has reached 1.353 million.American dollar, 23 countries have benefited from it. China National DevelopmentBankHowdealCreditors, in agreement with your volunteer and volunteermarketIn principle, it responded actively to the debt relief initiative. As of the end of September, the amount of debt relief signed with the relevant beneficiary countries was US $ 748 million China is the country with the highest amount of debt relief among G20 members and has made contributions positive measures to support the poorest countries in responding to the challenges of the epidemic and debt vulnerabilities with practical actions. This is also an important result provided by China for the G20 leaders’ summit in Riyadh.

Liu Kun said that during the implementation of the proposal,National DoubleBian’s official and commercial creditors are serious and responsibleattitude, Promote debt mitigation actions in an orderly manner and fully negotiate with countries requesting debt relief to effectively ensure that relevant countries really benefit.At the same time, China fully respects independent decisions and legal procedures of countries requesting debt relief to avoidcreditNegative effects such as deteriorated ratings.

Liu Kun pointed out that the G20 Debt Mitigation Initiative is primarily to solve the problems faced by the poorest countries.short termLiquidity problems. However, as the epidemic continues to spread and the world economy slips into recession, the potential for many of the poorest countries to shift from liquidity difficulties to solvency crises has increased considerably. To this end, building on the debt relief initiative, the G20 has tabled proposals to extend the debt relief period and subsequent debt management, urging all parties to take greater debt relief measures. debt and increasing support and assistance to the poorest countries.

Liu Kun said that China will continue to use the G20 channels to focus on solving the problem of the debt vulnerability of the poorest countries and strengthen cooperation with other parties.communicationCoordinate and actively participate in the multilateral debt coordination process. The first is to effectively implement the extension of the debt relief initiative in light of the demands of the relevant countries. The second is to work with other multilateral and bilateral creditors to do a good job of handling debts on a case-by-case basis, and to increase support to developing countries where the epidemic is particularly severe and pressured. The third is to continue fostering development. nationalBankExpecting Chinese trade creditors to engage in debt mitigation actions in a comparable manner. The fourth is to actively support the poorest countries to integrate debt resolution with economic and social recovery and development, in order to help them shed the impact of the epidemic as soon as possible and get back on the path of development. In addition, China will continue to provide support within its capacity for developing countries’ fight against the epidemic and economic and social recovery through multilateral and bilateral channels, including the provision of US $ 2 billion over two years.International aidCommitments; providing vaccines to developing countries as a priority in a variety of ways.

(Article source:ValuesDaily News)

(Responsible editor: DF064)