According to Reuters, on April 19th local time, Christina Georgieva, the President of the International Monetary Fund (IMF), stated that IMF shareholders unanimously agreed this week to address the economic challenges currently faced by low-income countries, many of which are facing unsustainable debt burdens.
According to reports, the International Monetary Fund lowered its overall growth forecast for low-income countries in 2024 to 4.7% from 4.9% in January, while the World Bank stated in another report that half of the world’s 75 poorest countries The income gap between the country and the richest economies has widened for the first time this century, a historic reversal of development. Georgieva said the IMF was working to strengthen its ability to support low-income countries that have been most affected in the near future. (CCTV News)