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G7 Pledges Debt Relief as Aid Drops 23%

6/17/2026

Summary

Story summary

G7 leaders, U.S. President Donald Trump and French President Emmanuel Macron, pledged at Evian-les-Bains summit to act on debt vulnerabilities.
They urged restructuring for middle-income nations excluded from the G20 Common Framework and asked development banks to expand risk-sharing tools.
They pledged to speed up IMF-World Bank three-Pillar Approach while Oxfam condemned cuts after OECD data showed aid fell 23.1% in 2025 to $174.3 billion, with U.S. aid down 57%.

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Story summary

G7 leaders, U.S. President Donald Trump and French President Emmanuel Macron, pledged at Evian-les-Bains summit to act on debt vulnerabilities.
They urged restructuring for middle-income nations excluded from the G20 Common Framework and asked development banks to expand risk-sharing tools.
They pledged to speed up IMF-World Bank three-Pillar Approach while Oxfam condemned cuts after OECD data showed aid fell 23.1% in 2025 to $174.3 billion, with U.S. aid down 57%.