Economy News

World Bank: The World Bank promises “concessionality” in debt restructuring – Mintpaisa

The World Bank will “give as much concessionality as possible to the debt treatment” of troubled economies, its president said on Saturday during a meeting with the International Monetary Fund, India and other creditor countries.

“The World Bank is committed to delivering net positive flows in a way that maximizes concessionality in the restructuring process,” David Malpass said in his remarks at the Global Sovereign Debt Roundtable in Bangalore, India. . “We will give as much concessionality as possible to debt treatment.”


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