World Bank urges China to provide debt relief to countries

The World Bank urges China to play a more active role in providing debt relief to low-income countries, as 11 are in distress and 28 at high risk. The Common Framework, established by the G20, has only supported a few countries. Without relief, countries may cut education and health spending, worsening the crisis. 40% of low-income countries will have lower per capita incomes by the end of 2024. Only Chad and Zambia have reached debt relief agreements.