The president of the World Bank Group have addressed the international forum which compromised of finance ministers and central bank governors from 19 countries and the European Union, known as G-20.
The president, David Malpass, the president acknowledged the progress made by G20 members in debt transparency and relief. He as well urged the G20 nation’s to ensure the full participation of all official and private creditors under their watch.
He reiterated the World Bank Group’ support to provide legal support to debtors and pave way for understanding dialogue between creditors and debitors.
He also commended China’ participation in debt relief and transparency efforts. He as well commended the Secretary General to the United Nations, Antonio Guterres for his detailed explanation on debt relief and transparency.