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The International Monetary Fund's (IMF) executive board has approved a significant reform in its lending policy, aimed at expediting debt restructuring processes. This change allows the IMF to proceed with support programs even if some creditors, including major ones, do not agree to the terms. This policy adjustment specifically targets issues such as delays caused by disagreements with major creditors like China, facilitating more streamlined support for countries in financial distress.
IMF moves to blunt Chinese debt deal delays with lending policy change https://t.co/nm3urpskS6 https://t.co/RWRcdotYxT
IMF Board backs key change to lending-into-official-arrears policy - Reuters https://t.co/opf9ytls4F
⚠️ IMF BOARD BACKS KEY CHANGE TO LENDING-INTO-OFFICIAL-ARREARS POLICY Full Story → https://t.co/nhqbUv77Rw The International Monetary Fund's Board has backed a key change to give it more freedom to support crisis-hit countries even if debt renegotiations with big creditor…
