The World Bank in a new report released on Monday stated that efforts by governments around the world to tackle the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages further aggravated loc-income countries’ debt stock, rising by 12 percent to a record $860 billion in 2020. The Breton Woods institution noted that while […]
As concerns over the effectiveness of debt relief initiatives continue to mount in Africa and other regions globally, development experts and financial analysts have intensified calls for reform of the mechanisms themselves, and debt restructuring more broadly. The calls are being made as the impact of the Debt Service Suspension Initiative (DSSI), a G20-run scheme […]