Poorest countries in the the world which are classified as IDA countries by the World Bank, has been given debt relief by China and G-20.
The World Bank president, David Malpass, said beginning from May 1, there would be debt relief.
He made this known at the ongoing April 2020 virtual Spring meetings of the World Bank and International Monetary Fund (IMF).
I take note that in the G-20 meetings, China is supporting the international agreement to allowing moratorium of debt repayments by IDA countries if they ask for forbearance.
IDA countries will have bilateral debt relief beginning May 1. That way, they can concentrate their resources on fighting the pandemic and its economic and social consequences.
Donate to support Freshreporters=>https://freshreporters.com/support
Join our Telegram Channel=>https://t.me/freshreporters
Like our Facebook Page=> https://facebook.com/freshreporters
Join our WhatsApp Group=> http://bit.ly/3sAh4zf
Follow Us on Twitter=>https://twitter.com/freshreporters
Join Our FACEBOOK GROUP=> https://bit.ly/3ilsqm1
Follow Us on Instagram=>https://instagram.com/freshreporters
Subscribe to our YouTube Channel=> https://bit.ly/3bLfnJj
For publication of your news content, articles, videos or any other news worthy materials, please send a mail to thefreshrepo [email protected]
For Advert and other info, you can send a WhatsApp Message to +2347050565443
Join thousands of readers to receive daily Latest News:
PROMO SALES!!! Get cheap WRISTWATCH, SHADES & BRACELET collections😘💃