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Creditors Tackle Legal Thickets in Bond Plan for Needy Nations

May 27, 2020, 11:00 PM

Private investors are preparing to give their verdict on how to help ease the $140 billion debt burden carried by the world’s poorest countries.

But few analysts are expecting any major gestures.

Over a month since the G-20 club of industrialized nations joined forces to provide debt assistance to struggling nations, the Institute of International Finance will announce a potential framework for help on Thursday. The lobby group for private investors would like to allow low-income nations channel more funds to fight the coronavirus without defaulting on their obligations.

Official lenders have already started to announce the suspension of loans. ...