IMF chief Kristalina Georgieva says ‘much more decisive’ action needed to deal with debt problems

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WASHINGTON: The head of the International Monetary Fund on Sunday called for significant steps to address the increasingly unsustainable debt burdens of some countries, urging creditors and debtors to start restructuring processes sooner rather than later. IMF Managing Director Kristalina Georgieva said a six-month extension of the Group of 20 major economies’ freeze in official … Read more