Poor countries face uncertainty over private debt suspension

Emerging market coins money debt from Adobe 230x150
By Phil Thornton
14 May 2020

Private creditors are working on ways to take part in the agreement to offer debt relief to the world’s 73 poorest countries granted under a deal negotiated by the Group of 20 countries.

Private creditors are owed around of the fifth of the estimated $500bn of debt issued by countries eligible under the G20 Debt Service Suspension Initiative (DSSI), according to the Institute of International Finance (IIF). This would mean indebted countries could delay payments of around $13bn in interest to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial