A new policy to help the world’s poorest countries manage debt vulnerabilities – World Bank Group

Countries eligible to borrow from the International Development Association (IDA)the World Banks fund for the poorest countriesentered the COVID-19 crisis already facing elevated debt levels and weak fiscal positions. The pandemic is now placing enormous pressure on these countries to finance additional expenditures for relief and recovery amid shrinking fiscal revenues and limited access to…

Downgrade fears will deter countries from joining G20 debt relief framework – World Bank – Hellenic Shipping News Worldwide

Fears of credit rating downgrades will deter the worlds poorest countries from taking advantage of debt relief being offered under the G20 common framework, World Bank chief economist Carmen Reinhart said. In November, the G20 group of major economies launched a framework designed to streamline a process to help countries defer or negotiate down their…

Explainer: How China could offer ‘debt swaps’ to help developing nations tackle climate change – Eco-Business

This week, two separate research teams from the US and China have called for China in particular to implement such debt swaps in exchange for efforts by developing nations to increase nature conservation, as well as climate adaptation and mitigation. The researchers conclude that by implementing such debt swaps, China could not only help to…

Downgrade fears will deter countries from joining G20 debt relief framework – World Bank – Kitco NEWS

LONDON (Reuters) – Fears of credit rating downgrades will deter the worlds poorest countries from taking advantage of debt relief being offered under the G20 common framework, World Bank chief economist Carmen Reinhart said. In November, the G20 group of major economies launched a framework designed to streamline a process to help countries defer or…

Downgrade fears will deter countries from joining G20 debt relief framework World Bank – WHTC News

By Karin Strohecker LONDON (Reuters) – Fears of credit rating downgrades will deter the world’s poorest countries from taking advantage of debt relief being offered under the G20 common framework, World Bank chief economist Carmen Reinhart said. In November, the G20 group of major economies launched a framework designed to streamline a process to help…