Today: April 14, 2024
Today: April 14, 2024

IMF's Georgieva says debt restructuring process making progress

Share This
LA Post: IMF's Georgieva says debt restructuring process making progress
Reuters
Reuters
October 12, 2023

MARRAKECH, Morocco (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva on Thursday said consensus was growing in sovereign debt restructuring discussions on issues such as the comparability of treatment of private and public creditors.

Georgieva told a news conference that the Group of 20 Common Framework for debt restructuring had been slow to deliver results, but it was encouraging that the time for dealing with individual country cases was now growing shorter.

Throwing out the Common Framework would put the world in a "much less predictable environment," she said, adding creative approaches were also needed, including moves to better align debt restructuring with the climate crisis.

(Reporting by Andrea Shalal; Editing by Sharon Singleton)

Popular

News organizations urge Biden and Trump to commit to presidential debates during the 2024 campaign

Twelve news organizations have issued a joint statement calling on presumptive presidential nominees Joe Biden and Donald Trump to agree to debates during the White House campaign

Pereira retains light heavyweight title with 1st-round KO of Hill at UFC 300

Light heavyweight champion Alex Pereira knocked out top-ranked challenger Jamahal Hill at 3:14 of the first round in UFC 300

Lionel Messi scores fifth goal and has an assist in Inter Miami's 3-2 win over Sporting KC

Lionel Messi scored his fifth goal and added an assist and Luis Suárez tapped in the winner in the 71st minute as Inter Miami CF topped Sporting Kansas City 3-2 in front of the third-largest crowd in MLS history

Tiger Woods begins the weekend at the Masters still in contention for another green jacket

Tiger Woods is back at Augusta National on Saturday for the third round of the Masters

Related

How to get rid of NYC rats without brutality? Birth control is one idea

It's almost April 15. Here's how to reduce stress and get your taxes done

Bird flu is spreading to more farm animals. Are milk and eggs safe?

Philippine deals with US, Japan will not affect China's investments, Marcos says

- Advertisement -
Advertisement: Limited Time Offer