Egypt’s Al Mashat urges multilaterals to expand debt relief programs

Al Mashat urges multilaterals to expand debt relief to middle-income countries: International Cooperation Minister Rania Al Mashat called on multilateral lenders to include middle-income countries in their debt relief initiatives to soften the covid-19 blow, the minister said in a meeting with ministers and senior officials hosted by the International Fund For Agricultural Development (IFAD), a UN development lender. Al Mashat’s call comes amid increasing pressure on sovereign and multilateral lenders to suspend debt payments for poor countries.