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IMF to Hold Debt Discussions With Egypt, Sri Lanka and Tunisia

  • All three countries in various stages of talks for IMF support
  • Fund is zeroing in on countries that need debt restructuring
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WATCH: IMF MD Kristalina Georgieva discusses the “horrific” war in Ukraine, the global food crisis and Sri Lanka’s debt issues.Source: Bloomberg

The International Monetary Fund will sit down with countries including Sri Lanka, Egypt and Tunisia to discuss steps that need to be taken to help them as tighter financial conditions raise the cost of debt servicing, the institution’s chief said.

“The good news is that we see debt, we follow it, and we are already zeroing in on countries that are in need of debt restructuring,” IMF Managing Director Kristalina Georgieva said in an interview with Tom Keene on Bloomberg Television on Thursday. “We have to press for debt restructuring.”