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International Monetary Fund chief Kristalina Georgieva said she told China's new top economic official, Li Qiang, that China must accelerate its work to reach debt restructuring agreements for countries like Zambia, Ghana and Ethiopia.

By Andrea Shalal WASHINGTON (Reuters) - International Monetary Fund chief Kristalina Georgieva said she told China's new top economic official, Li Qia...

WASHINGTON: International Monetary Fund chief Kristalina Georgieva said she told China's new top economic official, Li Qiang, that China must accelerate its work to reach debt restructuring agreements for countries like Zambia, Ghana and Ethiopia. Georgieva, who met with Li and other top Chinese officials

'The first and most urgent step is clear: it is to extend the moratorium on debt payments from the end of 2021 as governments work out a solution'

Brahima Coulibaly and Wafa Abedin propose that the G20 adopt a Brady-like scheme to accelerate the restructuring of external private sector debt to restore debt sustainability in affected countries.

It can be argued that some of the economic pain and suffering could have been avoided

Addis Ababa, 20 March 2023 (ECA) - African Ministers of Finance, Planning and Economic Development have called for decisive action to reform the global debt architecture to enable the investments needed for achieving sustainable development and climate goals around the world.The call was made at a meeting of the High-level Working Group on the Global Financial Architecture on

Lusaka - Zambia: By Sishuwa Sishuwa

Debt restructuring programmes in Ghana and Zambia are going in "diverging directions" due to Zambia's larger exposure to Chinese lenders and its weaker ability to cope with a large amount of debt, investment bank Citi said on Friday.

Georgieva also warned that a potential fragmentation in global trade would have consequences for the economy, with Asia the most affected region.