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A G20 initiative aimed at reducing financial strains on the world's poorest countries has led to less than a quarter of debt payments being suspended - well below expectations of what the programme would deliver, a debt campaign charity said on Tuesday.

A G20 initiative aimed at reducing financial strains on the world's poorest countries has led to less than a quarter of debt payments being suspended - well below expectations of what the programme would deliver, a debt campaign charity said on Tuesday.

A G20 initiative aimed at reducing financial strains on the world's poorest countries has led to less than a quarter of debt payments being suspended - well below expectations of what the programme would deliver, a debt campaign charity said on Tuesday.

Governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages. While these measures were aimed at addressing the health emergency, cushioning the impact of the pandemic on the poor and vulnerable and putting countries on a path to recovery, the resulting debt burden of the world’s low-income countries rose 12% to a record US$860 billion in 2020, according to a new World Bank report.

Debt reduction, restructuring, and transparency needed to help low-income countries overcome debt challenges WASHINGTON, Oct. 11, 2021- Governments

WASHINGTON—The debt burden of the world's low-income countries rose 12 percent to a record $860 billion in 2020 ...

The World Bank on Monday warned of a significant 12% rise in the debt burden of the world's low-income countries to a record $860 billion in 2020 as a result of the COVID-19 pandemic, and called for urgent efforts to reduce debt levels.

WASHINGTON, Oct 11 — The debt burden of the world’s low-income countries rose 12 per cent to a record US$860 billion (RM3.5 trillion) in 2020 as countries responded to the Covid-19 crisis with massive fiscal, monetary, and financial stimulus packages, the World Bank said in a report released...

World Bank President David Malpass said the report showed a dramatic increase in the debt vulnerabilities facing low- and middle-income countries and ca...

The debt burden of the world's low-income countries rose 12% to a record US$860 billion in 2020 as countries responded to the COVID-19 crisis with massive fiscal, monetary, and financial stimulus packages, the World Bank said in a report released Monday.