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IMF to press private, public banks on debt restructuring
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IMF to press private, public banks on debt restructuring
By Collins NwezeThe International Monetary Fund (IMF) has listed its top economic priorities for 2021, including getting private and public financial institutions, to restructure national debts for low income countries.Its Managing Director Kristalina Georgieva said for low-income countries, fiscal support has only reached the equivalent of two per cent of Gross Domestic Product (GDP). This disparity threatens to widen the gap even further.She sa
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