Maximizing IDA’s COVID-19 Crisis Response: Why a Debt Standstill Isn’t the Right Approach (For Now)

“Pressure is ramping up on the multilateral development banks (MDBs) to act on debt relief… As the largest provider of finance for the world’s poorest countries, the International Development Association (IDA) is in the hot seat. IDA has roughly $155 billion in outstanding loans (43 percent of which are to African countries). But the World Bank has so far resisted calls for a broad-based payments standstill for its IDA borrowers. We believe that this is the right posture for now.”

via Center for Global Development