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Poor Countries Need ‘Comprehensive’ Debt Relief, Says World Bank Chief

Published Oct 11 2021 at 3:25 PM GMT
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  • Debt loads in low-income countries surged 12 percent to a record $860 billion in 2020 amid the pandemic, prompting World Bank President David Malpass on Monday to call for a “comprehensive plan” to deal with the issue.
  • “Sustainable debt levels are vital for economic recovery and poverty reduction,” he said.
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  • Published Oct 11, 2021 3:25 PM GMT