World Bank - August 21, 2020: An update on our work at the World Bank Group

21 August 2020 |

This week has been a busy one, and I would like to provide an update about recent developments in our work here at the World Bank Group on issues of debt transparency and sustainability, vaccine and healthcare responses, and others.

Debt Reduction, Resolution and Transparency

On Monday, I joined the G7 Finance Ministers and IMF Managing Director Kristalina Georgieva to discuss COVID-19 pandemic’s impact on the global economy and ongoing recovery efforts.

I thanked G7 countries for supporting the recent progress on debt transparency and reiterated our view that the Debt Service Suspension Initiative (DSSI) should be extended through 2021. We are working with creditor countries to validate and reconcile the debt that DSSI-eligible borrowing countries owe to various creditors.

In coming weeks, we’re planning to include more developing countries in this reconciliation process and will work with other G20 creditors on validating developing countries’ debt data.

Read more at the link below.



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