Devex Features Eric LeCompte on Debt Relief and the World Bank Annual Meetings

Devex featured Eric LeCompte's comments on the recent World Bank Annual Meetings and their push for debt relief. Read an excerpt below, and click here for the full story.

As World Bank pushes others on debt relief, it doesn't participate

WASHINGTON — While the World Bank has been vocal about pushing bilateral and private creditors to take stronger action to provide debt relief, it maintains that it shouldn’t be part of existing debt suspension initiatives.

Even if the World Bank is not participating in debt service suspension, as conversations move ahead about broader debt restructuring or forgiveness, multilateral development banks including the World Bank “need to be part of a debt reduction process like the private sector does,” Eric LeCompte, executive director of Jubilee USA Network, told Devex.

Read more here