KONTAN.CO.ID - WASHINGTON. Some G20 creditor countries are reluctant to broaden and extend another year of coronavirus debt service relief to the world's poorest countries, so a six-month compromise may emerge this week, World Bank President David Malpass said on Monday. Malpass, speaking to reporters as the World Bank's and International Monetary Fund's virtual annual meetings get under way, said G20 debt working groups have not reached agreement on the two institutions' push for a year-long extension of the G20 Debt Service Suspension Initiative (DSSI). "I think there may be compromise language that may be a six-month extension (and) that it can be renewed depending on debt sustainability," Malpass said.
World Bank's Malpass says G20 may agree to only 6-month debt relief extension
KONTAN.CO.ID - WASHINGTON. Some G20 creditor countries are reluctant to broaden and extend another year of coronavirus debt service relief to the world's poorest countries, so a six-month compromise may emerge this week, World Bank President David Malpass said on Monday. Malpass, speaking to reporters as the World Bank's and International Monetary Fund's virtual annual meetings get under way, said G20 debt working groups have not reached agreement on the two institutions' push for a year-long extension of the G20 Debt Service Suspension Initiative (DSSI). "I think there may be compromise language that may be a six-month extension (and) that it can be renewed depending on debt sustainability," Malpass said.