By BUUMBA CHIMBULUTHE International Monetary Fund (IMF) has indicated that it is ready to facilitate debtor/creditor coordination and restructuring.According to details, the institution has so far managed to avoid the systemic debt crisis experienced between 2000 and 2015.IMF First Deputy Managing Director, Geoffrey Okamoto, said the Bretton Woods institution could facilitate debtor/creditor coordination and restructuring by providing debt sustainability analysis.Mr Okamoto explained that this could be done to determine the financing and relief necessary to restore sustainability and by conditioning its own financial support on high creditor participation.“On a global level, we can support the Debt Service Suspension Initiative (DSSI) extension while encouraging its beneficiaries to tackle debt problems promptly.“And, we will continue to support the G20 in their financing and debt-relief efforts with co-financing, data and analysis,” he said at the recent Peterson Institute for International Economics Conference.At the country level, Mr Okamoto said, the IMF would continue to support members with financing, policy […]
IMF READY FOR DEBT RESTRUCTURING
