International Monetary Fund (IMF) managing director Kristalina Georgieva spoke about global debt restructuring at the Boao Forum for Asia following a report that a record number of countries are all in sovereign default.
Top leaders from across the world including IMF chief Kristalina Georgieva heaped praises on Indian American Ajay Banga, who has been nominated by US President Joe Biden to lead the World Bank.
Zambia is heading toward critical negotiations to restructure its mounting debts. The IMF has approved a $1.3 billion bailout plan for the country, which will impose cruel austerity measures on the Zambian people