• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 23, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

IMF Warns Of Debt Restructuring Wave Amid Costly Delays

M.Cby M.C
April 8, 2023
Reading Time: 3 mins read
M.Cby M.C
in Economy
0
IMF Warns Of Debt Restructuring Wave Amid Costly Delays

Managing Director, Kristalina Georgieva

The International Monetary Fund (IMF) has expressed worry and raised concerns about a potential wave of debt restructuring requests and the challenges of handling them, as current restructuring cases face costly delays.

The IMF’s Managing Director, Kristalina Georgieva, has warned that approximately 15% of low-income countries are already in debt distress, with another 45% facing high debt vulnerabilities.

According to Director Georgieva, the situation in Zambia is the most recent example of a country struggling with debt, and Ghana is among those currently seeking an IMF-support program – but facing hurdles in securing an agreement with its bilateral creditors for debt restructuring.

RelatedPosts

Professionals question IMF’s Impact on Ghana’s Economy

Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn

24-Hour Economy Cost Underestimated, Sarkodie Bemoans

Speaking ahead of the IMF/World Bank Spring Meetings, Georgieva stated that about a quarter of emerging economies, including Ghana, are at high risk and facing “default-like” borrowing spreads. In response to these concerns, she made a passionate appeal to richer countries to support weaker ones, stating that: “additional support from wealthier countries is essential. I would like to make a double plea on their behalf: help them handle the burden of debt, which was made so much harder by the shocks of the past years; and secondly, help ensure that the IMF continues to be in a position to support them in the years ahead.”

To help resolve this issue, the IMF, the World Bank, and India as G20 Chair recently established a Global Sovereign Debt Roundtable to help speed up restructuring cases, including those under the G20’s Common Framework.

IMF 1
Members of the International Monetary Fund

The Roundtable brought together public and private creditors, as well as borrowers, to help reach consensus on standards and processes.

ADVERTISEMENT

Kristalina Georgieva in her speech disclosed measures being put in place to ensure that IMF can continue providing vital support and catalyze financing from others.

“We have increased our interest-free lending more than four-fold to $24 billion since the beginning of the pandemic. Now, we are urgently calling on our wealthier members to help address fundraising shortfalls in our Poverty Reduction and Growth Trust.

““It is now more important than ever to step up cooperation—to strengthen the ropes that tie us together – on this issue and the full range of economic challenges we face. Only then can we climb these hills together.”

Managing Director, Kristalina Georgieva

IMF Provides $300m In New Financing For 96 Countries

The IMF has so far provided nearly $300 billion in new financing for 96 countries since the start of the Covid-19 pandemic.

The historic SDR allocation of $650 billion helped to boost member countries’ reserves.

Managing Director Kristalina Georgieva 1
Managing Director, Kristalina Georgieva

According to the Managing Director, IMF precautionary facilities is provide an additional buffer to countries with strong economic fundamentals, “most recently, we provided one for Morocco,” she said.

“Through innovations in our toolkit – including the Food Shock Window, and the Resilience and Sustainability Trust, we are helping our members meet new challenges. We have also stepped-up support for vulnerable middle-income countries – including through a temporary increase in the amount members can borrow from the IMF. And we have provided new financing to countries such as Sri Lanka and Ukraine. This is precisely what the Fund is here to do: be a source of stability in turbulent times.”

Managing Director, Kristalina Georgieva

Read also: Global Growth Below 3% in 2023, Robust Recovery Remains Elusive – IMF Chief

Tags: International Monetary FundKristalina Georgieva
Please login to join discussion
Previous Post

Easter Festivity: Mahama Celebrates With Ghanaians

Next Post

Egyptian President Lauds African Development Bank for Supporting Continent through Tough Times

Subscription Form

Related Posts

Professionals question IMF’s Impact on Ghana’s Economy
Economy

Professionals question IMF’s Impact on Ghana’s Economy

October 22, 2025
Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn
Economy

Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn

October 22, 2025
24-Hour Economy Cost Underestimated, Sarkodie Bemoans
Economy

24-Hour Economy Cost Underestimated, Sarkodie Bemoans

October 21, 2025
Cedi’s October Surge Stuns Markets as 16% Jump in Two Weeks Sparks Investor Optimism
Economy

Cedi’s October Surge Stuns Markets as 16% Jump in Two Weeks Sparks Investor Optimism

October 21, 2025
20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions
Economy

20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions

October 20, 2025
Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December
Economy

Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December

October 20, 2025
General News

NPP Flagbearer Hopeful Rejects Power Politics, Champions Principle and Service

by Silas Kafui AssemOctober 23, 2025
Board of Directors Visits Bui Generation Station
Extractives/Energy

Board of Directors Visits Bui Generation Station

by Bless Banir YarayeOctober 23, 2025
Treasury Issues Sanctions Targeting Entities Linked To Iran’s Defence Industry
USA

US Hits Russia’s Oil Giants With Sanctions

by Comfort AmpomaaOctober 23, 2025
ECG to Pay Over GHS400 Million to Sector Player
Extractives/Energy

IMANI Warns Ghana’s Utility Sector Faces Collapse Without Realistic Tariffs 

by Prince AgyapongOctober 23, 2025
Competent AGs Prosecute in Court, Minority Chides AG
General News

Competent AGs Prosecute in Court, Minority Chides AG

by Emmanuel Tibila BoasahOctober 23, 2025
President Mahama handingover ORAL Committee's findings to Attorney General and Minister for Justice Dr Dominic Ayine
General News

ORAL Must Move Beyond Catch-Up to a Robust Mechanism to End Looting – Analyst

by evansjrOctober 23, 2025
Board of Directors Visits Bui Generation Station
Treasury Issues Sanctions Targeting Entities Linked To Iran’s Defence Industry
ECG to Pay Over GHS400 Million to Sector Player
Competent AGs Prosecute in Court, Minority Chides AG
President Mahama handingover ORAL Committee's findings to Attorney General and Minister for Justice Dr Dominic Ayine

Recent News

Ing. Kwabena Agyei Agyepong 2 edited

NPP Flagbearer Hopeful Rejects Power Politics, Champions Principle and Service

October 23, 2025
Board of Directors Visits Bui Generation Station

Board of Directors Visits Bui Generation Station

October 23, 2025
Treasury Issues Sanctions Targeting Entities Linked To Iran’s Defence Industry

US Hits Russia’s Oil Giants With Sanctions

October 23, 2025
ECG to Pay Over GHS400 Million to Sector Player

IMANI Warns Ghana’s Utility Sector Faces Collapse Without Realistic Tariffs 

October 23, 2025
Competent AGs Prosecute in Court, Minority Chides AG

Competent AGs Prosecute in Court, Minority Chides AG

October 23, 2025
President Mahama handingover ORAL Committee's findings to Attorney General and Minister for Justice Dr Dominic Ayine

ORAL Must Move Beyond Catch-Up to a Robust Mechanism to End Looting – Analyst

October 23, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address