The world’s largest lender, China, says it has granted debt relief worth a combined $2.1 billion to developing economies hit hard by the coronavirus crisis. This is the highest deferral amount offered among the members of the G20, a group of the world's largest economies, Chinese Finance Minister Liu Kun announced on Friday. Debt payments from developing economies worth $1.353 billion were suspended by the country’s aid agency, the China International Development Cooperation Agency, and the Export-Import Bank of China, according to the official. Almost two dozen countries are set to benefit from the measure.
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