Defusing Debt - Creating Comprehensive Solutions

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Defusing Debt - Creating Comprehensive Solutions

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SIPC

How can WBG support efforts for asset recovery, reduction of illicit flows and ecological debt to reduce financial debt for more sustainable economies?
Tue, 10/13/2020 - 12:12
Alex K. Joining from Ghana 🇬🇭

Good to be here.
Tue, 10/13/2020 - 12:13
KOROMA

It is my great plesure to attend this high level meeting
Tue, 10/13/2020 - 12:13
Torie Smith

Speaking on the Debt Service Suspension Initiative, Odile Renaud-Basso says the big value-add of the initiative is that it has quickly provided short-term debt relief and has gone beyond the Paris Club creditors to work with the G20, including new creditors like China. But it’s short-term debt relief. “Now the question is: what’s next?”
Tue, 10/13/2020 - 12:14
Torie Smith

Some countries will require deeper debt relief, which could include debt reduction and stock treatment. In this debt treatment, we should aim to not only involve Paris Club creditors, but also G20 creditors and the private sector. Ms. Renaud-Basso notes that in the case of the DSSI, private sector creditors made statements in support of the initiative, but ultimately their participation has been limited.
Tue, 10/13/2020 - 12:16

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