IMF, WBG urge addressing low, middle-income countries’ debt challenges


The World Bank Group (WBG) and the International Monetary Fund (IMF) should continue to review the debt challenges of low-income countries and propose actions to address their fiscal and debt stress on a case-by-case basis, in addition to reviewing debt challenges of middle-income countries and exploring customised solutions to their fiscal and debt stress, including by providing additional resources in these challenging times, in line with the capital package commitments, said the Board of Governors of the IMF and WBG. The call came during the meeting of the joint ministerial committee of the Board of Governors of the IMF and WBG, held virtually on Friday as part of the IMF and WBG annual meetings, on the transfer of real resources to developing countries. more...