World Bank steps up drive to uncover countries’ hidden debt

Author: theeastafrican.co.kePublished on: April 28, 2026Country: United States

Business & Economy

World Bank steps up drive to uncover countries’ hidden debt

The World Bank has launched a creditor-debtor data reconciliation exercise to enhance sovereign debt transparency. This initiative was unveiled at the Global Sovereign Debt Roundtable in Washington DC and aims to align records between borrowing countries and their creditors in response to growing concerns over undisclosed liabilities, as highlighted by the IMF's suspension of a $1.8 billion program with Senegal in 2024.

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