IMF Chief Urges Faster Debt Restructurings During Visit to China
- US has accused Beijing of blocking relief in cases like Zambia
- Georgieva also warns against dangers of trade fragmentation
Photographer: TIan Yuhao/China News Service/Getty Images
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The world urgently needs faster and more efficient processes for restructuring debts of vulnerable countries, the International Monetary Fund’s chief said on a visit to China, a nation that many fellow fund members including the US accuse of blocking advances.
Speaking at the Boao Forum on Thursday, Kristalina Georgieva underlined the importance of “countries in a relatively stronger position helping the vulnerable members of our global community.”