World Bank, IMF call for debt suspension

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The World Bank and the IMF are calling for debt suspension to enable some low- and middle-income countries to address their unsustainable debt burdens Picture: iStock
The World Bank and the IMF are calling for debt suspension to enable some low- and middle-income countries to address their unsustainable debt burdens Picture: iStock

BUSINESS

The pandemic has knocked more economies into simultaneous recession, ending a two-decade streak of steady global progress in poverty reduction. Growth prospects were also dampened by country-specific outcomes in several of the largest emerging market economies, including South Africa.

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