The head of the International Monetary Fund called on private creditors to join the Group of 20 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, Managing Director Kristalina Georgieva said in a webcast with the U.S. Chamber of Commerce Tuesday.
Private investors last month said they may offer low-income countries cash to ease the burden of $140 billion in debt payments due this year to help them fight the coronavirus pandemic. Still, the voluntary nature of the proposal may mean it falls short of easing t…
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