NEW YORK, (UrduPoint / Pakistan Point News - 1st May, 2020 ) :Ethiopian Prime Minister Abiy Ahmed has called for cancellation-- not just suspension -- of debt payments by developing countries to enable them redirect financial resources toward dealing with the coronavirus pandemic. "At the very least, the suspension of debt payments should last not just until the end of 2020 but rather until well after the pandemic is truly over," Prime minister Ahmed wrote. "It should involve not just debt suspension but debt cancellation," he said. The Ethiopian prime minister, in his op-ed piece, said 64 countries, almost half in sub-Saharan Africa, spent more on servicing external debt last year than on health. "The Ethiopian prime minister added, "It is in everybody's enlightened self-interest that the borrowers be allowed breathing space to get back to relative health.

Source: Ethiopian News April 30, 2020 19:07 UTC