IMF, World Bank cite significant progress in debt restructuring cases

Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gaspricesWASHINGTON - The International Monetary Fund, World Bank and current G20 president Brazil said on Wednesday there had been significant progress on global debt issues in recent months, citing new agreements on desired timelines and comparability of treatment.

The joint statement outlined progress in some sovereign debt cases, including agreements reached by Zambia and Ghana, and advanced discussions in the cases of Sri Lanka and Suriname. It said discussions among GSDR members underlined the need for enhanced clarity, coordination and transparency across creditor groups, and providing debtor countries with the metrics for how their private debts would be assessed.

The report also cited progress on accelerating timelines for getting through the restructuring process, and to move from an IMF staff-level agreement to approval by the IMF board, but said timelines were still too long.

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.

Yellen to meet US allies during IMF, World Bank meetings, press China on growthExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

IMF's Georgieva urges central bank independence amid election-year rate-cut pressuresInternational Monetary Fund Managing Director Kristalina Georgieva warned on Thursday that central banks face growing political pressure to cut interest...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Shocks in G20 emerging economies hit rich-world growth, IMF saysExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Shocks in G20 emerging economies impacting rich-world growth, IMF saysThose countries have become so embedded in the global economy that they are ‘no longer simply on the receiving end of global shocks,’ the IMF said Tuesday
Source: globebusiness - 🏆 31. / 66 Read more »

World faces persistent low growth in absence of productivity reforms, IMF saysExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

IMF: Outlook for world economy is brighter, though still modest by historical standardsWASHINGTON (AP) — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth.
Source: SooToday - 🏆 8. / 85 Read more »