World Bank: Debt Assessments Should Reflect Growing Share Of Domestic Debt

Debt sustainability analyses carried out by the World Bank and International Monetary Fund (IMF) should reflect the growing share of domestic debt in many developing countries’ overall debt levels, World Bank President, David Malpass, said on Wednesday.

According to Reuters, Malpass called for urgent measures to jump-start sovereign debt restructuring efforts for the many countries that are in or near debt distress, after years of glacial progress under the Group of 20 Common Framework.