World Bank President David Malpass urged creditors including China to
suspend debt payments (SCMP) from low-income countries, accusing them of not fully participating in the Group of Twenty’s (G20) debt-suspension program. Malpass said that several of China’s “well-capitalized creditors” were contributing to the debt problems of emerging economies, including some in Africa.
CFR’s Brad W. Setser explains how low-income countries can
deal with coronavirus debt.
South Korea: Former senior North Korean diplomat Jo Song-gil, who went missing in late 2018 while serving in Rome, has been
living in South Korea (Yonhap) since July 2019, a South Korean lawmaker confirmed. Jo is the highest-ranking North Korean official to defect to South Korea since 1997.