WASHINGTON - Some G20 creditor countries are reluctant to broaden and extend another year of coronavirus debt service relief to the world’s poorest countries, so a six-month compromise may emerge this week, World Bank President David Malpass said on Monday.
“I think there may be compromise language that may be a six-month extension that it can be renewed depending on debt sustainability,” Malpass said. Malpass said the two institutions would propose a joint action plan to reduce the debt stock for poor countries with unsustainable debts.
This won't go well!
Bankers wonder why the whole world hates them? Your net wealth isn’t on your tombstone because it isn’t the most important thing about you. DebtRelief essential for countries crippled by old debts. Just CANCEL DEBT. WorldBank
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank's Malpass says G20 may agree to only 6-month debt relief extensionSome G20 creditor countries are reluctant to broaden and extend another year of coronavirus debt service relief to the world's poorest countries, so a six-month compromise may emerge this week, World Bank President David Malpass said on Monday. HOW CAN YOU TRUST AN OFFICER WHO SMOKES MARIJUANA AND ALCOHOLIC WITH A GUN, MARCHETE AND DAGGER IN HIS HANDS AS HE/SHE APPEARS ON MUFTI. ANYTHING CAN HAPPEN MY BROTHER 🇳🇬 SARSMUSTENDNOW.
Source: Reuters - 🏆 2. / 97 Read more »
Bank of England asks banks about readiness for negative ratesThe Bank of England asked banks on Monday for information about their readiness for the possibility of zero or negative interest rates, following up on its announcement last month that it was considering how to take rates below zero if needed. Why don't they simply make the rates positive? Here: i rate it 5/5, problem solved, mate. If you had said this last year you would of been branded a conspiracy theorist, people are actually going to be charged money to let the banks hold their money, insanity, the wealth with simply be moved overnight. 🤨🤨🤨🤨🤨🤨🤨🤨🤨
Source: Reuters - 🏆 2. / 97 Read more »
Bank of England asks banks how ready they are for sub-zero ratesThe Bank of England asked banks on Monday how ready they are for zero or negative interest rates, following up its announcement last month that it was considering how to take rates below zero if necessary. They should all just agree to provide universal basic income now Make a data market where we just print money 'On a scale of -1 to -10, how ready are you?'
Source: Reuters - 🏆 2. / 97 Read more »
Indonesia central bank expected to stand pat on interest rates: Reuters pollIndonesia's central bank is expected to keep its benchmark interest rate unchanged on Tuesday and continue to focus on supporting Southeast Asia's largest economy via quantitative easing, according to analysts in a Reuters poll on Monday.
Source: Reuters - 🏆 2. / 97 Read more »