Even the World Bank President Doesn’t Think the DSSI Plan Goes Far Enough

David Malpass isn’t that happy with the G20’s latest iteration of its Debt Service Suspension Initiative that delays loan repayments an extra six months until June 2021. The World Bank president is calling for more than just a repayment holiday, he also wants to see actual debt cancellation so the overall debt stock is reduced.

During his address to G20 finance ministers and central bank governors yesterday, Malpass also repeated his oft-stated frustrations that private creditors have refused to participate in the DSSI and that “some official bilateral creditors” (read China) are not fully engaged in the G20 process either.

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by Eric Olander

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Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
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