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Reuters
Reuters
Business

World Bank Development Committee urges debt help for middle-income countries

FILE PHOTO: An atrium is seen at the World Bank headquarters building during the IMF/World Bank annual meetings in Washington, U.S., October 14, 2017. REUTERS/Yuri Gripas/File Photo

The World Bank's Development Committee on Friday asked the development lender and the International Monetary Fund to explore case-by-case solutions to ease debt burdens on middle-income countries that are stressed by the coronavirus pandemic.

In a statement issued after a meeting on Friday, the committee of World Bank shareholders said that the bank should also further explore suspension of debt payments for the world's poorest countries.

(Reporting by David Lawder; Editing by Chizu Nomiyama)

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