The coronavirus pandemic is putting tremendous strain on countries around the world – not least those who already have relatively limited resources. In April 2020, the World Bank Group and International Monetary Fund called on bilateral creditors to allow developing countries to suspend their bilateral debt service payments and focus resources on responding to the pandemic. The plan was called the Debt Service Suspension Initiative (DSSI), and G20 Finance Ministers quickly agreed to support it. In this episode of #WorldBankExpertAnswers, the World Bank Group’s Global Director for Macroeconomics, Trade and Investment, Marcello Estevão, answers our questions on how the program works and just how effective it has been. Learn more: [ Ссылка ] About Expert Answers: [ Ссылка ]

00:00 Introducing Marcello Estevão, Macroeconomics, Trade and Investment Global Director, WBG
00:43 The impact of the pandemic in terms of debt distress
02:59 The Debt Service Suspension Initiative (DSSI)
04:08 Why are some countries not participating in DSSI
05:41 How are countries using the funds that they're saving by participating in DSSI
08:04 Thanks Marcello for sharing your expertise!

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