IMF: Debt roundtable will accelerate distress resolution

Concerns over debt distress have grown over the last three years following the multiplicity of shocks that have hit economies across the globe. According to the International Monetary Fund, 50 per cent of low income countries are in debt distress with an additional 45 per cent being classified as being on the verge of it. This has led to a rise in the cases of economies seeking debt restructuring.

[janewamaitha-jn]

The US is staring at a default in months with worse debt levels than Kenya but can lecture us on debt. This is a con