By Reuters Staff
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FILE PHOTO: World Bank President David Malpass responds to a question from a reporter during an opening press conference at the IMF and World Bank s 2019 Annual Fall Meetings of finance ministers and bank governors, in Washington, U.S., October 17, 2019. REUTERS/Mike Theiler//File Photo
WASHINGTON (Reuters) - World Bank President David Malpass on Wednesday said the slow rollout of COVID-19 vaccines in Europe was concerning and disappointing, and could even weigh on the economic growth forecasts of Germany, Europe’s largest economy.
Malpass said German officials told members of the Group of 20 major economies that vaccination problems could lead to a “softening of GDP forecasts.
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LONDON (Reuters) -Debt experts, charity groups and investors welcomed news on Wednesday that the world’s poorest countries will get new IMF funds and COVID-19 debt relief, but they also cautioned that for some it would still only be a band-aid solution.
Pedestrians walk in Buenos Aires financial district, Argentina September 24, 2020. REUTERS/Agustin Marcarian
A new $650 billion allocation of the IMF’s quasi currency known as Special Drawing Rights (SDRs) will provide over $20 billion of funding, while an extended repayment holiday on loans from rich G20 nations will temporarily save another $7 billion.
The $20 billion share of the SDR increase alone is more than all the emergency money the IMF provided in Africa here last year and in relative terms, those under the most serious stress will receive the biggest benefit.
G20 extends moratorium on debt interest payments for poorest Covid-hit nations geo.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geo.tv Daily Mail and Mail on Sunday newspapers.
RPT-ANALYSIS-SDRs and debt holidays still just a band-aid for debt-hobbled countries Reuters 3 hrs ago
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By Marc Jones
LONDON, April 7 (Reuters) - Debt experts, charity groups and investors welcomed news on Wednesday that the world s poorest countries will get new IMF funds and COVID-19 debt relief, but they also cautioned that for some it would still only be a band-aid solution.
A new $650 billion allocation of the IMF s quasi currency known as Special Drawing Rights (SDRs) will provide over $20 billion of funding, while an extended repayment holiday on loans from rich G20 nations will temporarily save another $7 billion.
The $20 billion share of the SDR increase alone is more than all the emergency money the IMF provided in Africa https://www.imf.org/en/Topics/imf-and-covid19/COVID-Lending-Tracker last year and in relative terms, those under the most serious stress will receive the biggest benefit.
SDRs and debt holidays still just a band-aid for debt-hobbled countries reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.