ICC welcomes G20 suspension of debt service payments
ICC Albania2020-04-21T11:47:41+02:0015 April 2020 ICC – the institutional representative of 45 million member companies – has welcomed a pledge from G20 Finance Ministers to suspend debt service payments for the poorest countries that request forbearance. In a communiqué issued earlier today, the world’s 20 largest economies agreed on a coordinated approach to provide immediate debt relief in the context of the COVID-19 crisis – with all bilateral official creditors participating in the initiative. Commenting on the announcement, ICC Secretary General John W.H. Denton AO said: “We commend G20 Finance Ministers for this robust display of coordination. This is a very welcome first step to