Arab and international
The World Bank
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Some of the world’s poorest and emerging market countries may need to restructure their debt in the future, the Executive Director of the International Monetary Fund said on Wednesday, adding that only freezing debt payments may not be enough.
Kristalina Georgieva added that some emerging economies that have adopted prudent and sustainable debt policies are passing through the Corona virus crisis better than others, but a small number of countries with high debt burdens are likely to need assistance in the future.
Georgieva said the International Monetary Fund (IMF) has disbursed about $ 260 billion of its trillion dollar capacity at this stage, and has so far provided emergency funding to 63 of 189 countries that have requested assistance since early March.