IMF and World Bank chiefs call for more action on debt relief
But G20 fails to agree extension to the Debt Service Suspension Initiative
The heads of the International Monetary Fund and World Bank both called for further action to ease the debt burden on the poorest countries on July 18, but G20 leaders failed to reach an agreement at their summit the same day.
“We need to unite to help the poorest and most vulnerable economies, especially those struggling with high debt or dependent on hard-hit sectors,” said IMF chief Kristalina Georgieva, in remarks to the summit.
She added she hoped “consideration will be given” to
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