IMF fund debt freeze for poor countries expected to be extended through 2021

Reuters | Published: December 10, 2020 10:19:04 | Updated: December 11, 2020 15:59:23

International Monetary Fund (IMF) Managing Director Kristalina Georgieva seen in this undated Reuters photo

International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that she expects an IMF programme that freezes payments on IMF debt from the poorest countries to be extended through the end of 2021.

Georgieva made the comments during an IMF forum on the Cobid-19 crisis in developing countries, where she also said that the best value spending that countries could make in the crisis are investments to accelerate the distribution of coronavirus vaccines.