International Monetary Fund chief Kristlina Georgieva said she had a "fruitful exchange" with her Chinese counterparts this week on her repeated calls for accelerating debt treatments for countries like Zambia and Sri Lanka.
Georgieva, World Bank President David Malpass and other financial leaders met in person in China's Anhui province this week with officials from the People's Bank of China, China's finance ministry and its EXIM Bank and China Development Bank.
Zambia is pushing hard to finish its debt restructuring in the first quarter of 2023.
"We need to build on the momentum of the agreement on Chad's debt treatment and accelerate and finalize the debt treatments for Zambia and Sri Lanka, which would allow for disbursements from the IMF and multilateral development banks," Georgieva said in a statement.
Georgieva said other countries also faced mounting debt distress given tightening global financial conditions.

Source - NDTV
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