Photo: Charles Platiau / Reuters
The poorest countries of the world was on the verge of collapse, warned the International monetary Fund (IMF). States in danger of default if private creditors did not support the proposal of the G20 to allow them the right to suspend payments on foreign debt. It is reported Bloomberg.
According to the head of Fund of Kristalina Georgieva, some countries bear the burden, faced in addition with the problems caused by the pandemic coronavirus. She pointed out that the refusal to provide credit relief and debt restructuring may lead to disorderly defaults.
Earlier, the IMF and the group of the largest world economies, the G20 has decided to defer payment of debt for several dozen poor countries. The Fund will be replenished through voluntary contributions of the countries participating in the IMF, including the UK, Japan and China.
In mid-may, saying the timing of recovery of the world economy, the IMF concluded that even under the most favorable circumstances this will not happen until 2022. On the background of General decline in the advantage of a digital economy, Internet business, system of providing public services in electronic format, and online training.
Video, photo All from Russia.