LONDON Private sector creditors on Thursday laid out a toolkit they said would pave the way for poor countries side-swiped by the new coronavirus to get debt relief this year.
The group has been working with the Washington-based Institute of International Finance (IIF) after the G20 economies called on the private sector to match their own initiative to suspend debt payments from some 77 low income countries.
The IIF proposal said relief could be provided on a case-by-case and voluntary basis if countries requested it, rather than by a one-size-fits-all process like the G20 proposal known as the Debt Service Suspension Initiative (DSSI).
The IIF has been adamant that creditors of every type and size have a role to play in making sure …
Read the full article at: https://nationalpost.com/pmn/health-pmn/private-creditors-lay-out-debt-relief-blueprint-for-poor-countries