IMF, World Bank leaders praise G20 debt relief initiative

0 84

International Monetary Fund Managing Director Kristalina Georgieva and World Bank David Malpass on Wednesday praised a new G20 debt relief agreement that suspends bilateral debt servbice payments by poor countries.

Georgieva, in a statement to a meeting of G20 leaders also said the IMF was “urgently” seeking some $18 billion in new resources for the Fund’s Poverty Reduction and Growth Trust for poor countries and was exploring how the use of special drawing rights could aid this effort.

You might also like