By Andrea Shalal
WASHINGTON (Reuters) – Private and private lenders should speed up debt restructuring in countries like Chad, Zambia and Ethiopia or destroy countries that need assistance to participate, International Monetary Fund chief Kristalina Georgieva told Reuters Next conference on Friday.
“Do this,” he said, calling for timely loan repayment agreements and for agreeing to suspend debt repayment if the country seeks assistance under the Commonwealth-Based Common Framework and the Paris Club.
“Why would they take part if it always took, and in the meantime, they are still expected to pay off the debt?” he said.
Fusion Media or anyone involved with Fusion Media would not accept any liability for any loss or damage as a result of reliance on information including data, documents, charts and buy / sell tokens contained within this website. Please know more about the risks and costs associated with trading the financial markets, this is one of the most risky ways to earn money.
Source link
