World Bank Urges Swift Changes to Debt Restructuring Processes to Tackle Rising Economic Uncertainty

The World Bank will push to resolve the mounting debt problems of poor countries and along with the International Monetary Fund will present concrete proposals to address some of the biggest restructuring roadblocks at this week’s Spring Meetings.

The ideas will be introduced at the Global Sovereign Debt Roundtable, a meeting led by the Bretton Woods institutions and Group of 20 chair India in Washington, D.C., President David Malpass said in a blog post on Sunday.

Source : World Bank Urges Swift Changes to Debt Restructuring Processes to Tackle Rising Economic Uncertainty