Debt and investment transparency for better outcomes
June 19th, 2020 – Since the COVID-19 outbreak, developing economies have suffered unprecedented capital outflows. To reverse these outflows and make debt and investment more productive, it is critical to embrace strong principles of debt and investment transparency.
Such transparency involves many difficult steps, but today we’re taking an important one: we are disclosing new information on the creditor country composition of projected annual debt service payments of all 73 countries eligible for relief under the Debt Service Suspension Initiative (DSSI).
The World Bank Group has created a virtual one-stop for the latest information about DSSI. It highlights the potential savings for each eligible country—both in dollar terms and as a percentage of GDP. This allows visitors to look up more detailed country-by-country information from the World Bank Group’s Debtor Reporting System (DRS) database and provides useful links to related information such as DSSI Q&As and other key World Bank and G20 documents.
More…https://blogs.worldbank.org/voices/june-19-2020-debt-and-investment-transparency-better-outcomes
Written by The World Bank
Photo: New Asset Management
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