The International Monetary Fund has called on member countries to strengthen financial support for low-income and vulnerable economies, warning that rising debt-servicing expenses and changing global economic conditions could widen the gap between advanced and developing nations.
IMF Managing Director Kristalina Georgieva made the appeal during the annual meetings of the International Monetary Fund and the World Bank in Bangkok, Thailand. She highlighted the combined pressure created by higher borrowing costs, declining development assistance, elevated fuel and food expenses, and uncertainty surrounding global investment.
According to the IMF chief, average debt-servicing costs for affected countries have risen substantially over the past…