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IMF Urges Faster Debt Relief for Nations Fighting High Inflation, Hunger
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Officials from the International Monetary Fund said the governments of poorer countries need better ways to restructure their debt loads totaling billions of dollars to survive a cost-of-living and hunger crisis that is quickly taking root around the world.
“The world has seen extraordinary upheaval,” Kristalina Georgieva, the IMF’s managing director, said Friday, speaking at the closing session of the international financial institution’s annual meetings in Washington.
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