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IMF calls for expansion of debt relief beyond world’s poorest countries

One America News Network

November 22, 2020

WASHINGTON (Reuters) – The head of the International Monetary Fund on Sunday called for prompt and effective implementation of a new G20 framework set up to help the world’s poorest countries reach permanent debt relief, but said other countries needed help as well.

“It is critical to operationalize this Framework promptly and effectively,” IMF Managing Director Kristalina Georgieva said in a statement after addressing the leaders of the Group of 20 major economies. “Going forward, we must also help those countries not covered by the Framework to address debt vulnerabilities so that their economies can become more resilient.”

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The debt treament framework endorsed by G20 leaders on Sunday applies to 73 countries that are eligible for a temporary freeze in official bilateral debt payments.

(Reporting by Andrea Shalal; Editing by Kevin Liffey)

As reported by One America News Network. Continue reading this article at One America News Network

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IMF calls for expansion of debt relief beyond world’s poorest countries

One America News Network

November 22, 2020

WASHINGTON (Reuters) – The head of the International Monetary Fund on Sunday called for prompt and effective implementation of a new G20 framework set up to help the world’s poorest countries reach permanent debt relief, but said other countries needed help as well.

“It is critical to operationalize this Framework promptly and effectively,” IMF Managing Director Kristalina Georgieva said in a statement after addressing the leaders of the Group of 20 major economies. “Going forward, we must also help those countries not covered by the Framework to address debt vulnerabilities so that their economies can become more resilient.”

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The debt treament framework endorsed by G20 leaders on Sunday applies to 73 countries that are eligible for a temporary freeze in official bilateral debt payments.

(Reporting by Andrea Shalal; Editing by Kevin Liffey)

As reported by One America News Network. Continue reading this article at One America News Network

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All news text, graphics, videos and multimedia content remain the copyrights of the credited original article publisher, in this case - One America News Network

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Amnon Free Press is an American conservative news aggregator and publisher with a mission to publish the right news for the right American.

Contact Information: admin (at) amnonfreepress dot com