We remain committed to working together to support the poorest and most vulnerable countries as they address health and economic challenges associated with COVID-19. The pandemic has significantly disrupted global growth and necessitated extraordinary fiscal policy efforts, exacerbating existing debt vulnerabilities in many low-income countries. We commend the efforts of the international financial institutions (IFIs) to rapidly scale up financial and technical assistance to these countries. We ask the IMF and World Bank to update regularly assessments of the financing needs of low-income countries in response to evolving circumstances with the impact of the pandemic and propose ways for countries to cover expected financing gaps, including through instruments to leverage access to private finance. To support our efforts to help the most vulnerable countries, we are implementing the G20-Paris Club Debt Service Suspension Initiative (DSSI) to suspend official bilateral debt payments for the poorest countries through end-2020. The DSSI has been fundamental in supp tweet at 9:20am: G7 Statement – Ministers Again Reiterate Call For Private Creditors To Participate In G20 Debt Relief tweet at 9:20am: G7 FIN. MINISTERS: WE REMAIN COMMITTED TO WORKING TOGETHER TO SUPPORT THE POOREST AND MOST VULNERABLE COUNTRIES AS THEY DEAL WITH THE CORONAVIRUS PANDEMIC. – JOINT STATEMENT. tweet at 9:21am: JAPAN’S FINANCE MINISTER ASO: G7 FINANCE MINISTERS DISCUSSED CORONAVIRUS RESPONSES AND DEBT RELIEF FOR DEVELOPING COUNTRIES VIA TELECONFERENCE.