Devex interviewed Eric LeCompte on the IMF and G20's use of debt relief as a response to COVID-19 and the global recession. Read an excerpt below, and click here for the full story.
G20, IMF deliver on debt relief, but more is needed, experts say
Debt relief frees up money immediately, allowing governments to use funds that had been reserved for debt repayment to address urgent needs and work to shore up their economies, said Eric LeCompte, the executive director of the Jubilee USA Network.
"While we see progress, we still need to answer a lot of questions. What about other developing countries and emerging markets who need relief? How will a process move forward to cut debt when debt is unsustainable for countries?" he said.
Read more here.