The International Monetary Fund (IMF) said on Thursday that over 20 poor countries have requested relief from official bilateral debt under a G20-backed initiative and the Fund stands ready to support an extension of forbearance beyond the end of 2020 if needed.
IMF spokesman Gerry Rice told a regular news briefing that more than half of the 73 poor countries eligible for have expressed interest in the program prompted by the coronavirus pandemic, and inquiries are expected to continue to increase.
Reuters
IMF says over 20 poor countries seek debt relief, extension possible
Image: REUTERS/Maggie Andresen
The International Monetary Fund (IMF) said on Thursday that over 20 poor countries have requested relief from official bilateral debt under a G20-backed initiative and the Fund stands ready to support an extension of forbearance beyond the end of 2020 if needed.
IMF spokesman Gerry Rice told a regular news briefing that more than half of the 73 poor countries eligible for have expressed interest in the program prompted by the coronavirus pandemic, and inquiries are expected to continue to increase.
Reuters
More than 300 lawmakers urge IMF, World Bank to cancel poor countries’ debt
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending Now
Latest Videos