How Asian development banks help the poor face coronavirus while the rich fall short

The World Bank and debt campaigners have criticised the G20 group of wealthy economies that includes the United States, Britain and the European Union for falling short on help and assistance to poorer countries, pointing to the low amount of debt suspension.Multilateral development banks (MDBs), including the World Bank, say they cannot be the ones offering debt relief as it affects their borrowings to lend to poorer countries. They have instead tried to help countries through loans and grants…

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