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Stopping the debt spiral in the world's poorest nations

"There needs to be a dramatic and deep reduction in the amount of debt on the poorest countries. That's clear." As the world's poorest nations struggle to recover from a devastating pandemic, World Bank President David Malpass argues that freeing them of much of their debt will be key. His conversation with Ian Bremmer is part of the latest episode of GZERO World.

The World Bank's role in global economic recovery

Nearly eighty years after the World Bank was founded, its mission of lifting the global poor out of poverty has never been more urgent. Ian Bremmer explains on GZERO World.

GZERO Media Town Hall: Could our response to COVID help end poverty?

GZERO Media, in partnership with the Bill and Melinda Gates Foundation and Eurasia Group, today hosted its first virtual town hall on how to fight global poverty amid the coronavirus pandemic.

The panel featured Gates Foundation CEO Mark Suzman, Eurasia Group and GZERO Media President Ian Bremmer, and Vera Songwe, Executive Secretary of the United Nations Economic Commission for Africa. The conversation was moderated by Africa No Filter's Moky Makura.

Watch the full video above.

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Is debt forgiveness a good idea?

You've lost your job and can't pay your bills. Your debt is growing, and it's not clear when (and if) you can pay it off. Or maybe you're a lender who needs to get paid back — even if that means accepting less money later than planned—because you've got financial worries too. This is the grim reality now taking hold in every region of the world.
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