Stock Groups

IMF’s Gopinath says ‘lot more’ work needed to help countries reduce debt levels -Breaking


WASHINGTON (Reuters] – It is important that the Group of 20 countries intensify efforts to assist low-income countries with their high debts, according to The No. The International Monetary Fund’s No. 2 official stated Tuesday.

Gita Gopinath (First Deputy Managing Director) stated that 60% of low income countries were at risk or in high debt distress. She said it would be increasingly difficult for them to service their debts. The G20 Common Framework must be overhauled to speed up the delivery of restructuring agreements.

She stated that while it has shown some improvement, “a lot more must be done to get it to fulfill its promises” for countries facing unsustainable debt levels.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses caused by the data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

Banner 3