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Interview

World Bank chief: Poor nations need debt reduction to fight pandemic

Malpass says it will take years for global economy to recover

World Bank President David Malpass said in the interview, "As the pandemic struck, all of these burdens got heavier on the people of the country. The challenge is to provide some lasting debt relief, and that means a reduction in the net present value of the debt itself, and also to get all of the creditors to participate."

WASHINGTON -- In an exclusive interview with Nikkei, World Bank President David Malpass predicted that it would take several years for the global economy to recover to pre-crisis levels. 

Edited excerpts of the interview follow.

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