With several emerging market and developing economies facing the prospect of not being able to service their debt, a “hidden debt surprise” could hinder efforts to assist these vulnerable countries.
Remarks by World Bank Group President David Malpass at the 2022 Spring Meetings.
This event on April 7, 2022 will bring together a panel of experts from borrower and creditor countries, academia, and the World Bank to discuss efforts and concrete actions to support debt data transparency. [Recording available]
A call for a debt relief approach that involves pre-emption rather than reaction - one that prevents the crisis from erupting in the first place.
With the debt service suspension initiative expiring and interest rates poised to rise, low-income countries will find it increasingly difficult to service their debts.
