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Poor countries' debt rose 12% to record $860 bln in 2020- World Bank | Hellenic Shipping News Worldwide

The debt burden of the world’s low-income countries rose 12% to a record $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. World Bank President David Malpass said the report showed a dramatic increase in the ...
France General Andrea Shalal Carmen Reinhart David Malpass International Debt Statistics World Bank

IMF Staff Concludes Visit to Chad

Chad’s economic and financial situation and medium-term prospects have steadily worsened due to a series of long-lasting shocks since the onset of the pandemic coupled with delays in donor support caused by insufficient progress on debt treatment discussions; Following the financing assurances in support of a debt treatment from the creditor committee for Chad under…
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