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Featured interview: World Bank President David Malpass
First Move with Julia Chatterley
The Debt Write-Offs Are a Loading World
Zambia is in a very important spot where they need a memorandum of understanding, it's called an MOU that actually shows how they could reduce their debt. The word write-off is a loaded, loaded world. I think what the creditors are discussing and should be discussing is how to meaningfully reduce the debt so that countries' debt burns are sustainable. If you free up some of this money that's being paid in interest costs to do some of the things that will help protect people too.
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