IMF urges support for poorer nations facing high inflation, war spillovers
- 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”.
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- 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”.
Sources: Al Jazeera