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Wednesday, 22 April 2020

Egypt’s Al Mashat urges multilaterals to expand debt relief programs

Al Mashat urges multilaterals to expand debt relief to middle-income countries: International Cooperation Minister Rania Al Mashat called on multilateral lenders to include middle-income countries in their debt relief initiatives to soften the covid-19 blow, the minister said in a meeting with ministers and senior officials hosted by the International Fund For Agricultural Development (IFAD), a UN development lender. Al Mashat’s call comes amid increasing pressure on sovereign and multilateral lenders to suspend debt payments for poor countries.

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