Debt Restructuring Talks at G-20 Meeting Make Little Headway
- Georgieva says there are disagreements over debt resolutions
- Malpass says situation is ‘complicated’, awaits Spring Meeting
This article is for subscribers only.
Disagreements hobbled prospects for progress on crucial debt restructuring talks held on the sidelines of the G-20 finance chiefs meeting, highlighting the risks to poorer nations that are under severe financial stress.
“While there are still some disagreements, we now have the global sovereign debt roundtable with consideration of all public and private creditors,” International Monetary Fund Managing Director, Kristalina Georgieva said on the sidelines of the Group of 20 meetings in Bengaluru, India.