Bonds News

G20 did not discuss expanding debt framework to middle income countries -Italy presidency

ROME, April 7 (Reuters) - Group of 20 finance chiefs did not discuss extending a common framework on how to manage the debt payments of poor nations to include middle income countries, Italy’s Economy Minister Daniele Franco said on Wednesday.

Italy holds the G20 presidency this year.

Speaking to reporters after the finance ministers and central bankers met by video-conference, Franco also said that a U.S. proposal for a global minimum corporate tax rate was consistent with ongoing work in the G20.

A deal on this is expected to be reached in July, when the G20 is due to meet in Venice, Franco said. (Reporting by Gavin Jones and Jan Strupczewski, editing by Angelo Amante)