Cautioning policy makers not to "confuse rebound with recovery," newly-installed World Bank chief economist Carmen Reinhart called for an extension to the existing debt moratorium.
G20 finance ministers are set to hold a virtual meeting Saturday, and are expected to discuss the status of the debt relief initiative.
The Group of 20 governments in April agreed to a one-year debt standstill that the IMF and World Bank had pushed for to help the 76 most vulnerable economies, and called on private creditors to join in.
Washington,
Warning that a true economic recovery from the global coronavirus pandemic remains "in the distant future," a top World Bank official on Friday urged G20 nations to extend debt relief for the poorest nations.
