[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109841-en":3,"doc-seo-109841-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},109841,962075114765,"Quinn","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","Implementation and Extension of the Debt Service Suspension Initiative - Executive Summary - Key Recommendations and Risk Assessment","The COVID-19 pandemic is causing severe economic harm in the world’s poorest countries, including expected declines in 2020 growth, rising health challenges, and significant revenue shortfalls that could push tens of millions into extreme poverty. The Debt Service Suspension Initiative (DSSI), endorsed by G20 Finance Ministers and effective May 1, 2020, provides temporary suspension from official bilateral creditors and has supported COVID-19 spending. The summary recommends extending the DSSI up to one year, improving transparency through common MOU requirements, broadening creditor participation, and strengthening fiscal monitoring and timely, comprehensive debt resolution, especially for countries facing high debt distress risk.","September 28, 2020  \nIMPLEMENTATION AND EXTENSION OF THE DEBT SERVICE SUSPENSION INITIATIVE  \nEXECUTIVE SUMMARY  \nPublic Disc losure Authorized  \nPub lic Disc losure Authorized  \nThe COVID-19 pandemic is heavily impacting the world’s poorest countries. Economic activity in the poorest countries is expected to drop about 2.8 percent in  \n2020. The pandemic spread to these countries has lagged contagion in advanced economies and emerging markets, but some countries have seen a rapid surge. Health challenges may rise and containment measures have come at an economic cost. Overall, the crisis could push 100 million people into extreme poverty and raise the global poverty rate for the first time in a generation.  \nThe Debt Service Suspension Initiative (DSSI) has enabled a fast and coordinated release of additional resources to beneficiary countries to bolster their crisis mitigation efforts. It was endorsed by the G20 Finance Ministers in April 2020 and became effective on May 1, 2020. As of end-August, 43 countries are benefitting from an estimated US$5 billion in temporary debt service suspension from official bilateral creditors, accounting for more than 75 percent of eligible official bilateral debt service under the DSSI in 2020. The DSSI supported substantial COVID-19 related spending as participating countries faced major revenue shortfalls.  \nThe DSSI has also allowed to make significant progress in enhancing transparency of public debt to help borrowing countries and their creditors make more informed borrowing and investment decisions. The World Bank has published detailed external public debt data by creditor group and potential debt service suspension amounts from DSSI for borrowing countries, facilitating data sharing and coordination among creditors.  \nAn extension of up to one year of the DSSI is recommended in view of the continuing financing pressures on the beneficiary countries owing to the pandemic, with the second six months subject to confirmation in a mid-term review, in view of the need for broader participation by commercial and official bilateral creditors.  \nMore than half of all DSSI participants are assessed to be at high risk of debt distress or already in debt distress according to debt sustainability analysis as of mid-August 2020. Fiscal monitoring indicates that DSSI participating countries are undertaking substantial COVID-19 related spending even as they face major revenue shortfalls. Analysis based on WEO projections shows that liquidity support will remain essential throughout 2021. A timely decision to extend the DSSI would help countries plan and reap the full benefits of the initiative.  \nSome modifications of the DSSI are recommended:  \n• First, the DSSI should be extended by up to one year, given the depth of the crisis and elevated financing needs, subject to a midpoint review, with some possible amendments to the April term sheet as discussed below. A timely decision to extend the DSSI, which enables requests for DSSI in 2021 to come even before end 2020, together with adopting common procedures for country requests and other communications that ensure the IMF-WBG are fully informed about any delays in processing DSSI requests, would allow requesting countries to fully benefit from DSSI.  \n• Second, to maximize much needed support to eligible countries, all official bilateral creditor institutions, including national policy banks, should implement the DSSI in a transparent manner using a common published MOU that could clarify which claims should not be covered by the DSSI.  \n• Third, to maximize the ability of DSSI beneficiaries to continue providing extraordinary pandemic support to individuals and firms through health, social and economic spending, and in the spirit of fairness, G20 countries should take all possible steps to urge participation in DSSI by their private and bilateral public sector creditors, regardless of whether they are considered national policy banks or commercial","cbCaiuTwnaFGPcM3","https://ap.wps.com/l/cbCaiuTwnaFGPcM3","pdf",1407409,3,1,45,"English","en",105,"# Executive Summary\n## COVID-19 impact on poorest countries\n## DSSI status and transparency progress\n## Recommended extension and mid-term review\n## Debt distress risk assessment and monitoring\n## Proposed modifications to the DSSI","[{\"question\":\"What is the Debt Service Suspension Initiative (DSSI) and when did it become effective?\",\"answer\":\"The DSSI enables a fast and coordinated release of temporary resources by suspending debt service for eligible beneficiary countries. It was endorsed by G20 Finance Ministers in April 2020 and became effective on May 1, 2020.\"},{\"question\":\"Why does the summary recommend extending the DSSI?\",\"answer\":\"It recommends extending the DSSI up to one year due to continuing financing pressures and the need to sustain COVID-19 related spending. The second six months should be confirmed in a mid-term review, with broader participation by commercial and official bilateral creditors.\"},{\"question\":\"What modifications are proposed to improve the initiative’s impact and fairness?\",\"answer\":\"The summary calls for transparent implementation by all official bilateral creditors using a common published MOU, clear public debt disclosure requirements, steps to urge participation by private and bilateral creditors, and flexibility in repayment schedules to avoid worsening debt service peaks.\"}]","Implementation and Extension of the Debt Service Suspension Initiative - Executive Summary - Key Recommendations and Risk Assessment | PDF",1784482642,113,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":29},"implementation-and-extension-of-the-debt-service-suspension-initiative-executive-summary-key-recommendations-and-risk-assessment","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,51],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":20},"https://docshare.wps.com/document/research-report/",{"item":52,"name":13,"@type":44,"position":53},"https://docshare.wps.com/document/implementation-and-extension-of-the-debt-service-suspension-initiative-executive-summary-key-recommendations-and-risk-assessment/109841/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":42,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-31","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What is the Debt Service Suspension Initiative (DSSI) and when did it become effective?","Question",{"text":76,"@type":77},"The DSSI enables a fast and coordinated release of temporary resources by suspending debt service for eligible beneficiary countries. It was endorsed by G20 Finance Ministers in April 2020 and became effective on May 1, 2020.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"Why does the summary recommend extending the DSSI?",{"text":81,"@type":77},"It recommends extending the DSSI up to one year due to continuing financing pressures and the need to sustain COVID-19 related spending. The second six months should be confirmed in a mid-term review, with broader participation by commercial and official bilateral creditors.",{"name":83,"@type":74,"acceptedAnswer":84},"What modifications are proposed to improve the initiative’s impact and fairness?",{"text":85,"@type":77},"The summary calls for transparent implementation by all official bilateral creditors using a common published MOU, clear public debt disclosure requirements, steps to urge participation by private and bilateral creditors, and flexibility in repayment schedules to avoid worsening debt service peaks.","https://schema.org",{"og:url":52,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":52},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":47,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":47,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":47,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":47,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":47,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":107,"slug":139},19,"General","general"]