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Covid-19 - World Bank urges G20 to suspend public debt repayments of poorest countries

25/03/2020
Source : AllAfrica
Categories: General Information

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According to a note from the bank, David Malpass, citing the reasons, indicated that "the countries that will be
probably the hardest hit by this crisis due to the pandemic, are the poorest and the most
Vulnerable. »
However, he said that "many of them were already in a difficult debt situation that does not leaves no room for manoeuvre to mount an appropriate health and economic response."
For him, this means that IDA resources cannot be allocated to the repayment of debts.
He also called on the G20 countries to support developing countries. To this end, "he invited
all official bilateral creditors of the poorest countries to take measures with immediate effect for
help countries through debt relief to enable them to devote their resources
the fight against the pandemic. »

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