EU CONTRIBUTES €183 MILLION TO DEBT RELIEF FOR 29 OF THE WORLD'S POOREST AND MOST VULNERABLE COUNTRIES
Published on: 23-11-2020
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The EU will contribute €183 million to the IMF's Catastrophe Containment and Relief Trust for debt relief in 29 low-income countries, allowing them to increase their social, health and economic spending in response to the COVID-19 crisis.
This contribution, announced just after the G20 Summit endorsed a Common Framework on Debt Treatments beyond Debt Service Suspension Initiative (DSSI), is fully in line with Commission President von der Leyen's proposal for a Global Recovery Initiative that links investments and debt relief to the Sustainable Development Goals.
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