IMF Urges Members to Stock up Funds for Low-Income, Vulnerable States - BusinessWorld Online
Georgieva said the PRGT and CCRT need more funding as debt-service costs in developing economies have risen to 14% of revenue.
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9 Articles
IMF urges members to stock up funds to aid poor states
The US and other wealthy nations need to urgently tackle mounting global debt levels that are weighing most heavily on low-income countries and straining the global financial system, IMF managing director Kristalina Georgieva said yesterday.US Secretary of the Treasury Scott Bessent and other US lea
IMF urges members to stock up funds for low-income, vulnerable states
IMF director Kristalina Georgieva warned that current economic developments and the rapid advance of AI threaten to widen the gap between advanced and developing economies.
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said today that current economic developments and the rapid development of artificial intelligence (AI) could widen the gap between developed and developing economies, especially given the drastic reduction in development assistance. She stressed that the IMF recognizes its responsibility …
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