All set: A poster is displayed on the IMF building yesterday in Washington. The IMF and the World Bank open their virtual spring meetings this week. — AP
WASHINGTON: World Bank president David Malpass said he expects China, the United States and other Group of 20 major economies to extend a freeze in bilateral debt service payments through the end of 2021 when they meet this week.
The G20 Debt Service Suspension Initiative (DSSI) has already helped countries defer some US$5.7bil (RM24bil) in payments through the end of 2020, with another US$7.3bil in deferred payments expected through June, according to World Bank data.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
