IMF Managing Director: Need to play a more active role in debt restructuring process

On April 23rd, the Managing Director of the International Monetary Fund (IMF), Georgieva, stated that the IMF must play a more active role in the debt restructuring process and that low – and middle-income countries are facing increasingly severe challenges. She also stated that the Global Sovereign Debt Roundtable, which involves creditor and borrower countries, the IMF, and the World Bank, has adopted a new operational guideline aimed at helping countries cope with complex debt restructuring processes. The document is expected to be released on the 23rd.