The World Bank will push to resolve the mounting debt problems of poor countries.
Along with the International Monetary Fund (IMF), the World Bank will present concrete proposals to address some of the biggest restructuring roadblocks at the ongoing Spring Meetings, President David Malpass said in a blog post on Sunday.
It will introduce the ideas at the Global Sovereign Debt Roundtable, a meeting led by the Bretton Woods institutions and Group of 20 chair India in Washington.
There are two areas where Malpass sees the possibility for a breakthrough, he said on a call with reporters on Monday.
One is suspending debt-service payments at the start of the process, which would give incentives for reaching a deal and protect debt repayment ability.