The World Bank's debt relief work is divided into two main categories: Commercial Debt. In 1989, the Boards of IBRD and IDA approved the Debt Reduction Facility (DRF) for IDA-only countries funds, ...

World Bank Calls for Debt Relief as Funds Flee Poor Countries ‘It’s time to face reality,’ chief economist says in report Poorest nations paid record $34.6 billion interest last year ...

The World Bank pointed to the variable interest rates ... such as the Group of 20 have also been pushing to accelerate debt relief, but those efforts have been moving slowly.

World Bank Group President David Malpass said. “Debt relief is of major importance for the world because the interest rates are going up,” Malpass said in an interview on Bloomberg Television ...

The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief. By Alan Rappeport Reporting from Washington Soaring inflation saddled ...

The U.S. is pressing China to provide more debt relief in what will be one of the most significant areas of conflict at the event. The IMF, World Bank and other development lenders have been ...

For the best experience, please enable JavaScript in your browser settings. The heads of the World Bank and International Monetary Fund on Friday underscored the need ...

Under the MDRI, three multilateral institutions—the World Bank’s IDA, the IMF, and the African Development Fund—provide 100 percent debt relief on eligible debts to qualifying countries, at the time ...

China and eight other countries whose incomes are still low enough to qualify for World Bank assistance now have a say in setting global rules, including on debt relief. The G-20 also works closely ...

A grand effort led by the Wolfensohn-run World Bank that involved debt cancellation ... who was the new poster child of debt relief, it convinced taxpayers in the US and UK to pressure elected ...

Jan 19 (Reuters) - Zambia needs "desperate debt relief" and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank's managing director of operations said on ...

The World Bank’s top economist called on private ... the poorest countries facing debt distress need debt relief if they are to have a shot at lasting prosperity,” Gill wrote in the forward ...