Full support for world economies

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.