The World Bank warns The G20 from ignoring the debt problems

World Bank President David Malpass

 

World Bank President David Malpass warned the leaders of the G20 countries that failure to reduce the debt burden on some countries may lead to an increase in poverty.

Malpass added that this failure may cause a recurrence of default, which happened chaotically in the 1980s and said that he was happy with the progress achieved in the issues of transparency and debt relief, but he demanded more.

He added, "Debt challenges have become more frequent, as in Chad, Angola, Ethiopia and Zambia, where the outlook for poverty levels remains bleak, in the absence of permanent debt relief."