TOKYO — Japan will next week pledge to contribute to an International Monetary Fund (IMF) trust offering debt relief to low-income countries hit hard by the coronavirus, a finance ministry official told Reuters on Wednesday. Finance Minister Taro Aso will deliver the pledge, along with other contributions, at one of the meetings of the IMF and finance leaders of the Group of 20 major economies next week, said the source, who had direct knowledge of the matter but spoke on condition of anonymity. The plan, including the amount to pledged, was still being finalised, said the official. In 2016 Japan pledged $20 million to the trust. The IMF and G20 finance leaders' meetings will be held via tele-conference due to the coronavirus pandemic.

Source: International New York Times April 08, 2020 06:50 UTC