fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Banking

World Bank and IMF Issue Joint Statement for Debt of IDA countries

The Global Economics by The Global Economics
March 27, 2020
in Banking, Trending
Reading Time: 1 min read
0
Business people discussing together in conference room during meeting at office.

Business people discussing together in conference room during meeting at office.

39
SHARES
198
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

As signs of financial crisis emerge due to the outbreak of coronavirus, The World Bank Group and International Monetary Fund (IMF) propose a joint statement to the G20 leaders  to exonerate debt payments from the International Development Association (IDA) countries. The G20 leaders of 19 countries and the European Union (EU) were invited to ask the World Bank and IMF to assess and identify the countries with unsustainable debt situations.

International Development Association (IDA) is a part of the World Bank, and aids in providing concessional finance and grants to 76 recipient countries. Financial resources from IDA helps over 1.3 billion people of the recipient countries. The call-to-action by The World Bank and IMF can help the private sector, health preparedness for the corona virus pandemic, subsequently containment of the virus, diagnosis, and treatment.

Promptly acting and in compliance with the national laws of the creditor countries, the World Bank Group (WBG) and International Monetary Fund (IMF) had recourse to all official creditors to suspend the debt payments from the IDA countries. And as for the IDA members, this decision can help with their double whammy of vulnerable economic conditions and Covid-19 outbreak.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

Coinbase to expand its footprint into the European Union in 2022
Crypto & Fintech

Coinbase to expand its footprint into the European Union in 2022

by Sakshi K S
June 30, 2022
Central Bank of Europe ready to ‘stamp out’ surging inflation in 2022
Central

Central Bank of Europe ready to ‘stamp out’ surging inflation in 2022

by Ritu M R
June 30, 2022
DIFC unveils the region’s first Open Finance Lab in 2022
Crypto & Fintech

DIFC unveils the region’s first Open Finance Lab in 2022

by Ritu M R
June 29, 2022
Airwallex arrives in New Zealand, drives business growth in the ANZ region
Crypto & Fintech

Airwallex arrives in New Zealand, drives business growth in the ANZ region

by Ritu M R
June 29, 2022
LATAM Airlines to omit single-use plastics by 2023
Ultility

LATAM Airlines to omit single-use plastics by 2023

by Ritu M R
June 28, 2022
Previous
Next
Previous
Next
Previous
Next
Previous
Next
Previous
Next
Previous
Next
Previous
Next
Previous
Next
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Oman: Jumeirah Group to open its first luxury resort in 2022

Oman: Jumeirah Group to open its first luxury resort in 2022

June 30, 2022
Coinbase to expand its footprint into the European Union in 2022

Coinbase to expand its footprint into the European Union in 2022

June 30, 2022
Central Bank of Europe ready to ‘stamp out’ surging inflation in 2022

Central Bank of Europe ready to ‘stamp out’ surging inflation in 2022

June 30, 2022
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles, delivered right into your email inbox.

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version