'Much more decisive' action needed to deal with debt problems: IMF chief


The head of the International Monetary Fund on Sunday called for significant steps to address the increasingly unsustainable debt burdens of some countries, urging creditors and debtors to start restructuring processes sooner rather than later.

  IMF Managing Director Kristalina Georgieva said a six-month extension of the Group of 20 major economies' freeze in official bilateral payments would help low-income countries hammered by the Covid-19 pandemic, but more urgent action was needed.   "We are buying some.....

This article is no longer available in our repository.

There could be multiple reasons for this.