Ghana should have signed up for Debt Service Suspension Initiative – World Bank President
The World Bank Group President, David Malpass, has expressed disappointment over Ghana and Nigeria’s decision not to sign up for the Debt Service Suspension Initiative (DSSI).
Established in May 2020, the DSSI expired at the end of December 2021.
The DSSI, put together by the International Monetary Fund (IMF) and World Bank offered countries an opportunity to freeze debt servicing, whiles they concentrate on using their minimum funds to deal with other commitments.
Mr. Malpass was responding to questions at a programme in Washington DC, on suggestions that the Bretton Wood institutions are not doing enough to help cancel the debts of some African countries in distress.
But reacting to the question, he pointed out that Ghana and Nigeria failed to apply for the DSSI, which would ...