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The April 2023 Global Sovereign Debt Roundtable: Time for meaningful debt restructuring

In advance of the next meeting of the Sovereign Debt Roundtable on April 12, World Bank President David Malpass wants to provide a quick update on recent developments and reiterate its call for prompt action toward debt sustainability for debt distressed countries. In his remarks at the G20 Finance Ministers and Central Bank Governors on February 24, 2023, he outlined the core debt challenges facing many developing countries. He  referred to Zambia, Ghana, and Ethiopia where the debt restructuring process has stalled or is in urgent need of acceleration. Several middle-income countries are also facing a high risk of debt distress, and need a path toward meaningful debt restructuring. […]