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

First Deputy Managing Director Gita Gopinath instructed reporters that 60% of low-income nations have been in or at excessive threat of debt misery, and would discover it more and more troublesome to service their money owed, however the G20 Widespread Framework wanted to be revamped to ship debt restructuring agreements extra shortly.

“It has made some progress, however much more is required to truly get it to ship on its promise” to assist nations with unsustainable debt ranges, she mentioned.