IMF chief calls on private creditors to join G20 debt relief for poorest states
Provide debt relief of face defaults, says IMF MD Kristalina Georgieva
09 June 2020 - 21:04
New York — The head of the International Monetary Fund called on private creditors to join the G20 in providing debt relief for the world’s poorest nations, saying that the alternative to suspension and restructuring is defaults.
A debt-service suspension would provide time for restructuring debt on a case-by-case basis in countries where debt sustainability needs to be restored, IMF MD Kristalina Georgieva said in a webcast with the US Chamber of Commerce on Tuesday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.