Finance officials from the Group of 20 major economies are poised to back a $650 billion boost in the IMF’s emergency reserves on Wednesday and extend a freeze on debt payments as part of an effort to help developing countries still struggling to combat the COVID-19 pandemic. This, Reuters reports, as the IMF on Tuesday raised its 2021 global growth forecast to 6%, reflecting a rapidly brightening outlook for the US, but warned that emerging market economies were lagging advanced economies. Pointing to a dramatic divergence between the outlook for the United States and much of the rest of the world, it said the pandemic threatened to reverse years of progress in reducing poverty. More than 250 faith groups and non-profit organizations meanwhile urged G20 leaders, the White House, and the IMF to go beyond the moratorium on debt payments and actually cancel debt and expand debt relief for developing countries.