Extensions on the Table for Poor-Nation Debt Help, Malpass Says
- G-20, others to discuss debt relief at meeting next week
- Outgoing World Bank chief to co-chair debt roundtable
David Malpass
Photographer: Ting Shen/BloombergThis article is for subscribers only.
Long extensions of debt beyond current maturity dates are among the options Group of 20 nations and others are considering to help poor countries relieve the stress of unmanageable debt burdens, World Bank President David Malpass said.
The outgoing leader of the lender will co-chair a so-called roundtable gathering of sovereign and private creditors in India next week with the hope of fixing the bottlenecks that have prevented quick restructuring of the debt of fragile nations.