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Mexican President Calls on Rich Countries to Lessen Debt for Poorer Nations


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RIO DE JANEIRO, BRAZIL – Mexican President Andres Manuel Lopez Obrador on Sunday called on the Group of 20 (G20) major economies to improve external debt conditions for poor and middle-income countries, as the global economy suffers a recession from the coronavirus crisis.

The leftist president has warned against taking on debt and bailing out companies, even as Mexico’s economy is set to contract 10% this year, its worst slump since the Great Depression.

“Our proposal consists in … making a reality the commitment to remove sums of debt and debt-servicing to the poor nations of the world,” Lopez . . .

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