IMF urges support for poorer nations facing high inflation, war spillovers | Poverty and Development News

Low-income countries spend up to 14 percent of their revenue on debt repayments, IMF chief says.

The International Monetary Fund (IMF) has a responsibility to help poorer nations struggling with rising debt, high inflation and price shocks caused by war spillovers, the head of the global lender says.

Speaking as the IMF’s annual meetings in Bangkok wrapped up on Saturday, Managing Director Kristalina Georgieva said discussions with global policymakers showed both “optimism and worry”.

“Optimism from the resilience of the global economy, the promise of AI, the dynamism of Asia,” Georgieva told reporters. “But AI is also recognised to be a source of…