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World Bank chief sees progress on G20 debt relief; wants more private sector buy-in - Metro US

World Bank chief sees progress on G20 debt relief; wants more private sector buy-in

FILE PHOTO: Britain hosts Africa investment summit

WASHINGTON (Reuters) – The Group of 20 major economies have made good progress with a debt relief initiative for the world’s poorest countries, but additional relief and greater participation by private sector creditors is needed, World Bank President David Malpass said on Monday.

Malpass told Reuters in an interview that 35 of 73 eligible countries were participating in the G20 debt relief initiative, and more had expressed interest.

(Reporting by Andrea Shalal; Editing by Sandra Maler)

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