IMF chief Georgieva urges support for poorer nations struggling with high inflation and war spillovers, noting they spend 8-14% of revenue on debt repayments.
IMF Managing Director Kristalina Georgieva urged support for low-income countries, stating they now spend 8 to 14 percent of their revenue on debt repayments, up from previous years. Speaking as the IMF’s annual meetings in Bangkok concluded on Saturday, Georgieva highlighted that these nations face high inflation, price shocks from war spillovers, and higher borrowing costs, while missing out on the AI investment boom.
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