Sat, 2020-04-18 02:35
WASHINGTON: Commercial creditors need to support debt relief for the poorest countries and cannot just “free ride” on a suspension in debt payments by official bilateral creditors, World Bank President David Malpass said on Friday.
Malpass told the World Bank’s Development Committee that the debt relief initiative agreed this week by the Group of 20 economies and the Paris Club was a “huge achievement” to help the poorest countries deal with the health and economic impact of the new coronavirus pandemic.
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