World Bank says rich world can cut poor states’ debt without contagion

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World Bank says rich world can cut poor states’ debt without contagion

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Businessman removes wooden blocks with the word Debt. Reduction or restructuring of debt. Bankruptcy announcement. Refusal to pay debts or loans and invalidate them. Debts service relief | Андрей Яланский - stock.adobe.com

Governments and “wealthy” private creditors in advanced and emerging economies can reduce the bilateral debts owed by the world’s poorest countries without triggering an outbreak of financial contagion, David Malpass has said.

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