Investors have pushed back on pleas by the G20 group of big economies to allow emerging economies to pause their debt repayments, in an early indication of how difficult it will be to get private creditors to collectively and voluntarily agree on coronavirus relief measures.
On Wednesday the G20 urged private creditors to participate in its plan to provide temporary debt relief to low-income countries until the end of the year.
Zambia and Ecuador have already been forced to seek debt restructurings, and many more are expected to follow given the scale of the economic and financial shocks caused by the virus outbreak.
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