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IMF's Georgieva says debt restructuring process making progress

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 wo...
Sharon Singleton Andrea Shalal International Monetary Fund Common Framework Kristalina Georgieva International Monetary Fund
Source: yahoo.com

G-24 notes Sri Lanka making some progress

The G-24 noted that Sri Lanka was making some progress and has carried out some of its debt restructuring within the concept of the Common Framework. Dr. Iyabo Masha, the Director of the G24 Secretariat said that she expects some progress on Sri Lanka during the World Bank Group-International Mon
Sri Lanka Iyabo Masha Daniel Leigh World Bank Group International Monetary Fund International Monetary Fund Annual Meetings In Marrakech

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African Ministers discuss comprehensive reform proposals for the IMF and the World Bank at the 2023 Annual Meetings

Marrakech, 10 October 2023 โ€“ African Ministers of Finance, Planning and Economic Development have called for key reforms of the Bretton Woods Institutions at the 2023 Annual Meetings of the World Bank Group and the International Monetary Fund.The call for reforms was made during a meeting of the Africa High-level Working Group on the Global Financial Architecture on the
World Bank Group Africa Working Group African Union World Bank International Bank International Development Association
Source: uneca.org

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