IMF, World Bank call for suspension of debt payments by poorest nations

The International Monetary Fund and the World Bank on Wednesday called on governments to suspend debt payments to the world’s poorest countries so they can fight the coronavirus pandemic.

“The World Bank Group and the IMF believe it is imperative at this time to provide global relief to developing countries as well as a strong signal to financial markets,” said Washington-based development lenders in a statement. joint press release.

This decision targets the countries which benefit from the most generous aid from the “IDA” fund intended for “two thirds of the world population living in extreme poverty”.

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