World Bank asks G-20 to allow poorest countries to suspend bilateral credit dues

World Bank President David Malpass has urged G-20 countries to allow poorest countries to stop all repayments of official bilateral credit amid the drastic impact on their economies in the wake of the novel coronavirus pandemic. The virus outbreak, he said, will perhaps hit the poorest and most vulnerable countries the most, those 25 poorest countries drawing on International Development Association at present.