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 . . .