IMF chief analyst believes that Many countries may actually need an effective debt restructuring after pandemic fallout

so many nations may actually require debt restructuring in the outcome of the worldwide coronavirus pandemic and its financial aftermath, the International Monetary Fund's main market analyst said Tuesday.

Gita Gopinath told an online event which was actually facilitated by the University of Oxford that there was no debt emergency right now, yet there would be a "considerably more tenacious requirement for debt help for the more unfortunate countries of this world" given the pandemic.

Given that about 40% of low salary nations were at that point in debt trouble or at high danger of arriving, with the number developing, she said there could well be "a requirement for debt restructuring in numerous nations".

Posted Using LeoFinance