Kommentar der Anderen | Outside View (EN)
COVID-19 Response: Is the World Bank right about not suspending debt service payments of developing countries? A Pro & Contra

The COVID-19-pandemic and its social and economic consequences are hitting developing countries particularly hard. Many of these countries are heavily in debt and lack the financial resources to address the crisis effectively. Nevertheless, the World Bank has so far been reluctant to suspend debt service payments of developing countries, which would free up much-needed resources. While some experts argue that this is justified since suspending debts would jeopardize the World Bank’s financing model, others criticize the Bank for getting priorities wrong. The following Pro & Contra summarizes the most important arguments of both sides.
A Pro & Contra by Scott Morris and Iolanda Fresnillo
weiter