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Japan finmin stresses importance of transparency for G20 in debt relief - Metro US

Japan finmin stresses importance of transparency for G20 in debt relief

Japan's newly-appointed Finance Minister Taro Aso speaks at a news conference in Tokyo

TOKYO (Reuters) – Japanese Finance Minister Taro Aso urged G20 financial leaders on Wednesday to maintain transparency in extending debt relief for poor countries by six months to mid-2021 and drawing up basic guidelines thereafter.

“I told the G20 that we cannot do it without maintaining transparency, not only China but also others,” Aso told reporters after a G20 teleconference.

Finance ministers and central bankers from the world’s 20 biggest economies held a virtual meeting on Wednesday to discuss a G20 action plan, debt problems, global taxation and stablecoins, Aso added.

(Reporting by Tetsushi Kajimoto; Editing by Gareth Jones)

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