IMF to consider debt restructuring for countries facing insolvency
IMF Managing Director Kristalina Georgieva who has has called for debt restructuring for countries facing insolvency and debt stress. PHOTO | KEVIN DIETSCH | GETTY IMAGES VIA AFP
The International Monetary Fund will address the debt crisis country by country, and for countries facing insolvency, debt restructuring might be necessary.
The Fund made the call during the World Bank/IMF Spring Meetings in Washington DC this past week as civil society and pressure groups called for debt forgiveness.
