debt reduction

File Photo: World Bank President David Malpass responds to a question from a reporter during an opening press conference at the IMF and World Bank's 2019 Annual Fall Meetings of finance ministers and bank governors, in Washington, US, October 17, 2019/ Reuters
Global Economy

World Bank, IMF to consider climate change in debt reduction talks

Factoring climate change into the debt restructuring process could help motivate sovereign lenders and even private creditors to write off a certain percentage of the debt of heavily-indebted...

Photo: Collected
Global Economy

Global creditors agree on debt relief for poor countries hit by pandemic

FILE PHOTO: Workers replace the British flag outside the European Parliament building with the European Union flag, as Britain leaves the European Union, in Brussels, Belgium January 31, 2020. REUTERS/Johanna Geron/File Photo
Global Economy

EU faces productivity, debt reduction, investment challenges: Commission