The IMF and World Bank have called on governments to offer immediate debt relief to the world’s poorest countries to help them tackle the coronavirus outbreak.
“These are difficult times for all, especially for the poorest and most vulnerable,” said David Malpass, president of the World Bank. “Our first goal is to provide prompt support during the crisis, based on a country’s needs.”
Campaigners say the pandemic will put unsustainable pressure on governments with public finances already under stress and with health systems ill-prepared for the crisis.
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