IMF's Role in Debt Restructurings Crucial for Global Financial Stability
The article discusses how the COVID-19 pandemic has increased the risk of countries facing debt crises. It looks at how the IMF can help manage these crises by assessing debt sustainability, providing extra financing when needed, and setting criteria for lending to countries with debt payment issues. The IMF also works on improving transparency in debt information, collaborating with other organizations, promoting better debt contracts, and monitoring relevant laws.