World Bank Chief Says G-20 Likely to Extend Debt-Suspension Plan

The Group of 20 gathering of finance ministers from the world’s largest economies this week is likely to extend debt-service suspension initiative for poorer nations until the end of the year, World Bank President David Malpass said.

The extension of the reprieve in debt-service payments by many of the world’s poorer nations will probably be the final, Malpass told reporters on a call Monday.