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Amidst Covid-19 Spread, IMF and World Bank Signal Debt Relief for Poor Countries
international |
economics and finance |
press release
Tuesday March 24, 2020 15:03 by Kate Zeller - Jubilee USA Network
Developing Countries Demand Debt Payments Stop On Monday the heads of the IMF and World Bank stated support for debt relief for very poor countries as the coronavirus spreads. African Finance Ministers called for suspension of debt payments to free up $44 billion to fight Covid-19. Ecuador's Congress also demanded its government stop paying debt. Washington, DC - On Monday the heads of the IMF and World Bank stated support for debt relief for very poor countries as the coronavirus spreads. African Finance Ministers called for suspension of debt payments to free up $44 billion to fight Covid-19. Ecuador's Congress also demanded its government stop paying debt. |