David Malpas added in an interview with Reuters yesterday, Monday, that there is a need for more exemptions and for greater participation of creditors in the private sector.
Malpas said that 35 of the 73 eligible countries are participating in the G20 initiative, which will freeze official bilateral debt payments service until the end of the year, and that more countries have expressed their desire to Share.
The World Bank database shows that the initiative to suspend debt service payments will provide up to $ 12 billion that countries can use to deal with the economic and health burdens of the Corona virus pandemic.
Malpas said that the pandemic has hit the global economy with a very serious and long-term setback, most affected by the poorest countries.
He did not express approval of calls by African and other countries to extend the suspension of debt payments until 2022 and to cancel some debts, but he said that further steps would have to be taken.
He went on to say: We should look for ways to provide additional debt relief for the poorest countries, at that time to look at the broader situation facing developing countries.
