1 | 50 | Finance | Global | Uncategorized
IMF warns of ‘economic collapse’ unless rich countries extend debt relief
The International Monetary Fund has called on the world’s largest economies to extend debt relief, warning of an economic catastrophe in developing countries without such help. The G20 Debt Service Suspension Initiative (DSSI) expires at the end of the year, and without a renewal, developing countries would face financial pressure and spending cuts. The spread…