Debt Service Suspension Initiative (DSSI)

The Debt Service Suspension Initiative (DSSI) is a global effort launched by the G20 nations to help low-income countries struggling with debt, particularly during crises like the COVID-19 pandemic. It allows eligible nations to temporarily suspend their debt repayments to bilateral creditors, giving them financial breathing room. This helps these countries redirect funds towards essential services, such as healthcare and social support. The goal is to stabilize their economies and improve living conditions without the immediate burden of debt payments, thereby aiding recovery and promoting sustainable development.