‘A way to give developing countries more resources in a time when they need it most’ – Helping poor countries suspend their debt service payments during COVID-19
Listen now
Description
Developing countries are under tremendous strain while attempting to respond to the coronavirus pandemic.  To try and free-up resources so that they can better protect lives and livelihoods, the World Bank Group and International Monetary Fund in April called on creditors to allow lower income countries to suspend their bilateral debt service payments and focus resources on responding to the pandemic. The plan – called the Debt Service Suspension Initiative (DSSI) – was taken up by G20 Finance Ministers. On this edition of the Development Podcast, we hear from the World Bank Group’s Global Director for Macroeconomics, Trade and Investment, Marcello Estevão, who answers our questions on how the program works and just how effective it has been. And send us your questions and comments: [email protected]
More Episodes
As the world celebrates International Womens Day, we take a look at where we are on the march towards gender equality. How big is the gender gap and what would happen if we closed it? What are some stumbling blocks along this journey? And how can international organizations like the World Bank...
Published 03/08/24
The transition away from fossil fuels could create as many as 30 million ‘green’ jobs in clean energy and low-emissions technologies by 2030. So what is a ‘green job’? How can countries and companies support jobs that benefit people and the planet? And how can young people prepare for green jobs...
Published 02/08/24