IMF pushes for action to avoid debt crisis in emerging economies
IMF officials have called for the G20 debt service suspension initiative to be extended until the end of 2021, and increased global debt transparency
Washington — International Monetary Fund (IMF) officials warned on Thursday that risks of a sovereign debt crisis sparked by the coronavirus pandemic will rise without changes to the international debt architecture, including more transparency for government borrowing.
In a blog post and speech, IMF officials called for the G20 debt service suspension initiative to be extended for another 12 months until the end of 2021, and a common restructuring approach across all official bilateral creditors, including China. A new IMF research paper also laid out options for improving debt transparency and restructurings...
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