Facing down the coronavirus pandemic, finance officials from the G20 economies agreed on Wednesday to support a time-bound suspension of debt service payments for the poorest countries that request forbearance. 

“Our efforts must continue and be amplified. We commit to use all available policy tools to support the global economy, maintain financial stability and prevent deep economic effects,” G20 finance ministers and central bank governors said in a statement after meeting over the virus crisis.

Members endorsed an action plan in response to COVID-19, pledging to navigate through the crisis to a robust, sustained, and inclusive global economic recovery. 

Read more: G20 okays debt suspension for poor countries amid virus