World Bank Malpass Says Rate Cuts Are Being Used In Some Debt Restructurings By Reuters

WASHINGTON (Reuters) – World Bank President David Malpass said on Wednesday that some of the debt restructurings of poor countries under the new G20 framework involve cuts in interest rates, a measure that it considers that it has a great positive impact on debtor citizens. . Malpass told the Reuters Next conference that some developing countries are paying very high interest rates of 6% to 7% on official bilateral debt and that debt reduction could provide some relief. Malpass also said that he hoped the G20 Debt Service Suspension Initiative (DSSI) could be extended beyond the end of June, but could not prejudge this decision. For more information on the Reuters Next conference, click here or http://www.reuters.com/business/reuters-next. To watch Reuters Next live, visit https://www.reutersevents.com/events/next/register. php

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