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Vol 63 No 21

Published 20th October 2022

Mounting calls for global debt plan as payments crunch looms

G7 finance chiefs press World Bank to step up reform as UN agencies and developing economy officials push creditors toward a new debt relief scheme

Fresh plans to restructure debt in 54 developing countries facing a surge of repayment demands were mooted by multiple officials at the IMF and World Bank annual meetings in Washington DC on 10-16 October. The proposals were discussed against the backdrop of calls, from the United States and Germany for wide-ranging reforms in the World Bank.

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