World Bank Development Committee urges debt help for middle-income countries

World Bank Development Committee urges debt help for middle-income countries
  • Clock-gray 23:21
  • calendar-gray 17 April 2020

The World Bank’s Development Committee on Friday asked the development lender and the International Monetary Fund to explore case-by-case solutions to ease debt burdens on middle-income countries that are stressed by the coronavirus pandemic, APA reports citing Reuters. 

In a statement issued after a meeting on Friday, the committee of World Bank shareholders said that the bank should also further explore suspension of debt payments for the world’s poorest countries.

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