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- World Bank chief expects G20 to extend debt payment freeze through end-2021
World Bank chief expects G20 to extend debt payment freeze through end-2021
Reuters reports that World Bank President David Malpass said he expects China, the U.S. and other G20 economies to extend a freeze in bilateral debt service payments through the end of 2021 when they meet this week.
The G20 Debt Service Suspension Initiative (DSSI) has already helped countries defer some $5.7 billion in payments through the end of 2020, with another $7.3 billion in deferred payments expected through June, according to World Bank data.
Extending the debt payment freeze through year-end would save even more money that countries could use to combat the COVID-19 pandemic and support their economies, Malpass told.
He said G20 members would probably stipulate that such an extension would be the “last or final” one offered.
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