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Paris Club debt relief to pick up after G20 deal clarified

The number of countries to get Paris Club debt relief this year under a deal with the G20 is set to rise after the Club - a group of state creditors - clarified the terms, a French finance ministry source said on Tuesday.

The Group of 20 leading economies and the Paris Club, an informal group of state creditors coordinated by France’s finance ministry, agreed last month to freeze the debt payments of the 77 poorest countries this year to free up cash for them to fight the coronavirus pandemic.

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