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Saudi Arabia unequivocally rejected calls for the forced displacement of the Palestinian people from Gaza and condemned the ongoing targeting of civilians in the region.
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 would put the world in a "much less predictable environment," she said, adding creative appr...
Georgieva says debt restructuring process is making progress
Countries are stepping up with finances for the most vulnerable of the world, IMF Managing Director Kristalina Georgieva said Thursday (Oct. 12) in Marrakech, Morocco. Thousands of journalists,...
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