The costs of the COVID-19 pandemic are going to be monumental. Africa alone is estimated to need US$100-$200 billion to address the impact. In higher income countries, governments have stepped forward with trillions in economic stimulus packages. But the majority of developing countries do not have the money to cover the costs of this pandemic.
Debt relief is one of the fastest, most effective means of freeing up cash in developing country budgets. The recent G20 agreement to suspend debt...