IMF Urges G20 to Tackle Rising Debt Challenges for Developing Economies

IMF Managing Director Kristalina Georgieva urged the G20 to address escalating debt challenges facing developing economies amid slow growth and high financial risks.

• At the annual meetings of the IMF and World Bank in Washington, Kristalina Georgieva emphasized the need for the G20 to confront ongoing debt issues affecting developing countries.
• Georgieva stated that while the impact of U.S. tariffs was less severe than anticipated, uncertainty regarding global economic conditions remains elevated, stressing the importance of proactive measures.
• The International Monetary Fund highlighted that slow economic growth combined with high debt levels poses significant risks of financial downturns, particularly for developing countries.