IMF, World Bank Call For Suspension Of Debt Payments By Poorest Nations

The International Monetary Fund and World Bank has today Wednesday 25th March, 2020, called on the government to put a hold to depth payments from the world’s poorest nations so that they can be able to fight against the coronavirus with what they have.

IMF and the World Bank group believes that it is important at this point in time to provide sense of relief to developing countries. The Washington-based development lenders made this known in a joint statement.

This decision was made with countries that qualify for the most generous assistance from the IDA through-out the world’s population living in abject poverty.