
IMF and World Bank Decision to Tackle COVID-Related Debt Crisis Greeted
By Radwan Jakeem
NEW YORK (IDN) — The UN Secretary-General has welcomed steps announced by the International Monetary and Finance Committee (IMFC) and the World Bank Group Development Committee, to address debt crises and other financial anguish to economies arising from the COVID-19 pandemic, “as a sign of hope and renewed multilateralism”.
In a statement issued through his Spokesperson on April 9, António Guterres said developing economies had struggled to secure enough financial resources to cope with the onset of the coronavirus crisis, “let alone to recover from it”.…