Tuesday June 2, 2020

Debt relief is the most effective pandemic aid

The private sector must take its share of the Covid-19 pain, and that share will have to include debt forgiveness for poorer nations

16th April, 2020
A motorcycle taxi driver wears a makeshift mask in the Kibera neighbourhood of Nairobi, Kenya. Developing countries need debt relief and financial assistance to fight Covid-19. Picture: AP

The nations of the developed world have responded to the Covid-19 crisis by supporting their domestic economies and financial systems in bold and unprecedented ways, on a scale that would have been unimaginable three months ago.

In contrast, when the world’s finance and central bank governors convene virtually this week for the semi-annual International Monetary Fund/World Bank meetings, steps will be taken to fortify the international system. But those steps will be nothing compared to...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Two-metre rule and 14-day entry quarantine to remain for now. Ministers eager to scrap travel limit and allow return of staycations

Michael Brennan | 1 day ago

Elderly now required to isolate for 14 days inside care homes once discharged from hospital

Susan Mitchell | 2 days ago

Seasonal staff have been an indispensable part of Irish food production for over 25 years, but they’re often living on site with little in the way of rights

Ella McSweeney | 2 days ago