FILE PHOTO: World Bank Group President David Malpass attends a news conference after a meeting at the Chancellery in Berlin, Germany October 1, 2019. REUTERS/Hannibal Hanschke
October 12, 2020
WASHINGTON (Reuters) – Some G20 creditor countries are reluctant to broaden and extend another year of coronavirus debt service relief to the world’s poorest countries, so a six-month compromise may emerge this week, World Bank President David Malpass said on Monday.
Malpass, speaking to reporters as the World Bank’s and International Monetary Fund’s virtual annual meetings get underway, said that G20 debt working groups have not reached agreement on the two institutions’ push for a year-long extension of the G20 Debt Service Suspension Initiative (DSSI).
“I think there may be compromise language that may be a six month extension (and) that it can be renewed depending on debt sustainability,” Malpass said.
(Reporting by David Lawder; Editing by Chizu Nomiyama)