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World Bank G20

White & Case LLP

Africa Focus: Autumn 2020 - Sovereign debt relief proposals

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Economic and fiscal challenges of implementing debt relief in Africa - While the COVID-19 pandemic continues to pose unprecedented challenges to countries worldwide, the impact is even more critical on developing countries...more

Jones Day

G20 Debt Relief for Developing Countries—Less Simple than it Appears - The G20 agreement provides immediate relief to low-income...

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The COVID-19 crisis has placed extraordinary pressures on the global financial system. The impact on developing countries—particularly in Africa—is dramatic, creating sudden and unexpected risks for states and investors. Oil...more

White & Case LLP

The G20 Debt Service Suspension Initiative – Reaction from Key Market Participants

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In response to the COVID-19 "call to action" from the World Bank and the IMF, the G20 announced a debt service suspension initiative (the "DSSI") on 15 April, supporting an NPV-neutral, time-bound suspension of principal and...more

Orrick, Herrington & Sutcliffe LLP

COVID-19 and Debt Suspension for the World’s Poorest Countries

The COVID-19 pandemic has wreaked havoc across the globe, with a rising human and economic toll. Containment of this crisis has warranted unprecedented government intervention in public health and in the economy. ...more

White & Case LLP

G20 announces debt service suspension initiative for low-income countries

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On 15 April, the G20 nations agreed to a time-bound suspension of debt service payments for the poorest countries that request forbearance. Here, we set out the details of the initiative and some of the things such countries...more

White & Case LLP

World Bank Group and IMF Call for Debt Relief for IDA Countries

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On 25 March 2020, the World Bank Group and the International Monetary Fund released a joint statement to the G20 requesting official bilateral creditors to suspend debt payments from International Development...more

A&O Shearman

Financial Stability Board Action Plan on Access to Banking Services by Remittance Providers

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The Financial Stability Board has published two reports relating to its actions to address the decline in correspondent banking. The first report is a progress report addressed to the G20 Finance Ministers and Central Bank...more

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