“It is evident that some countries are unable to repay the debt they have taken on. We must therefore also reduce the debt level. This can be called debt relief or cancellation,” Malpass told Handelsblatt business daily in an interview.He pointed to similar steps in previous financial crises such as in Latin America and the so-called HIPC initiative for highly indebted countries in the 1990s.
Amid warnings the pandemic could push 100 million people into extreme poverty, Malpass renewed his call for private banks and investment funds to get involved too.
Cancelling of independency of this countries needed.
What a joke🤣🤣🤣🤣🤣🤣
*poorest americans. There fixed it for you
How about reduce the absurdly high interest rates on credit cards?
Can we imagine Haiti is one of the poorest? Across the entire planet. While the friends of Clinton's and JoeBiden's family made millions from Haiti's misfortune.
For the sake of all who suffer needlessly, the time for ending debt repayments is long past due. It's unconscionable to imagine that developing countries have been sending trillions of dollars more to the West than the other way around.
Really? So the Bank can lend them again? Leave the poorest countries alone, maybe thats what is needed.
I believe that is a move to eliminate investment of poor countries! It is not a short sighted move but a plot!
“Amid warnings the pandemic could push 100 million people into extreme poverty, Malpass renewed his call for private banks and investment funds to get involved too.”
Stop lending more and no debts forgiveness at all , just give them more times
A reset is inevitable but they will fight it as long as possible. The status quo won't change willingly
no
and people
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Source: BusinessInsider - 🏆 729. / 51 Read more »