Charities, NGOs call for developing world debt jubilee

Jasper Cox

April 07, 2020 01:15 am

WorldBankIMF_PA_575x375_6April2020 — (200304) -- WASHINGTON, March 4, 2020 (Xinhua) -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva (L) and World Bank President David Malpass attend a press conference in Washington D.C., the United States, on March 4, 2020. The policy-setting body of the International Monetary Fund (IMF) on Wednesday pledged to provide necessary support to mitigate the economic and financial impact from the ongoing COVID-19 epidemic. (Xinhua/Liu Jie) | Liu Jie/Xinhua News Agency/PA Images

More than 100 charities and other organisations are urging that developing countries' debt payments be cancelled this year. They have called for interest and principal payments to be withheld from public and private sector lenders.

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Jasper Cox