The World Bank's debt relief work is divided into two main categories: Multilateral and Bilateral Debt. In 1996, the World Bank and the IMF launched the Heavily Indebted Poor Countries (HIPC) ...

With developing nations crushed by unaffordable borrowing and Washington on the sidelines, some leaders are brokering debt ...

By Axel van Trotsenburg Over the past two decades, many developing countries have made remarkable progress in reducing poverty, expanding a ...

The World Bank’s top economist called on private lenders to shoulder some of the cost of debt forgiveness for the poorest countries, as record high repayments drain budgets that should be ...

Spain and the World Bank have launched a new debt swap hub to make it easier for countries to obtain debt relief in exchange ...

More than half of the world's low-income countries are either already in or nearing a high risk of debt distress, the World Bank has warned, calling on global leaders to adopt "radical debt ...

The heads of the World Bank and International Monetary Fund on Friday underscored the need to provide debt relief to poorer countries hit by the coronavirus pandemic, and said official bilateral ...

The goal of ending extreme poverty around the globe remains elusive partly due to compounding challenges faced by economies ...

Deputy Managing Director of the International Monetary Fund (IMF), Dr Nigel Clarke, on Monday said the international ...