IMF's Georgieva says debt restructuring process making progress

Matt Dusk sings Sinatra in Halifax/PEI/Moncton | SaltWireMARRAKECH, Morocco - International Monetary Fund Managing Director Kristalina Georgieva on Thursday said consensus was growing in sovereign debt restructuring discussions on issues such as the comparability of treatment of private and public creditors.

Georgieva told a news conference that the Group of 20 Common Framework for debt restructuring had been slow to deliver results, but it was encouraging that the time for dealing with individual country cases was now growing shorter. Throwing out the Common Framework would put the world in a"much less predictable environment," she said, adding creative approaches were also needed, including moves to better align debt restructuring with the climate crisis.

Source: Loan Digest (loandigest.net)

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Germany bans pro-Palestinian group SamidounExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Venezuela bondholders file claim to New York court amid tolling agreementExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Ericsson shares volatile after results, $2.9 billion chargeExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Poland to extend border controls with SlovakiaExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Australia intelligence chief warns of potential for violence at home as Middle East tensions riseExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

High inflation means children go hungry around the worldExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »