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Logo of the 2020 Riyadh Summit

Statement
Extraordinary G20 Finance Ministers and Central Bank Governors' Meeting

November 13, 2020
[pdf]

Given the scale of the COVID-19 crisis, the significant debt vulnerabilities and deteriorating outlook in many low-income countries, we recognize that debt treatments beyond the Debt Service Suspension Initiative (DSSI) may be required on a case-by-case basis. In this context, we endorse the "Common Framework for Debt Treatments beyond the DSSI" (Annex I), which is also endorsed by the Paris Club.

We remain committed to implementing the DSSI, in close coordination, to provide maximum support to DSSI-eligible countries. All official bilateral creditors should implement this initiative fully and in a transparent manner. We also discussed outstanding issues related to the DSSI and agreed on the extended version of the addendum to the April 2020 DSSI Term Sheet as set forth in Annex II, which is also agreed by the Paris Club.

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Source: Official website of the Saudi G20 Presidency


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