The DSSI is helping countries concentrate their resources on fighting the pandemic and safeguarding the lives and livelihoods of millions of the most vulnerable people. Since it took effect on May 1, 2020, the initiative has delivered more than $5 billion in relief to more than 40 eligible countries.How much will Ghana's debt service cost in 2020?
According to IIF, upcoming debt service in 2020 exceeds $500 million in Ghana, Angola, Honduras and Nigeria. The Institute stressed that this highlighting the need for continued market access to help manage upcoming payments.What is the World Bank doing to support implementation of DSSI?
The suspension period, originally set to end on December 31, 2020, has been extended through December 2021. The World Bank and the IMF are supporting implementation of the DSSI—by monitoring spending, enhancing public debt transparency, and ensuring prudent borrowing.What is debt service suspension initiative (DSSI)?
In April, the World Bank’s Development Committee and the G20 Finance Ministers endorsed the Debt Service Suspension Initiative (DSSI) in response to a call by the World Bank and the IMF to grant debt-service suspension to the poorest countries to help them manage the severe impact of the COVID-19 pandemic.