IMF warns of 'economic collapse', urges debt relief for poorer countries

The International Monterey Fund (IMF) is urging advanced economies in the G20 to extend and improve debt relief initiatives to poorer countries.

It warned that, many countries would face a dire crisis without the aid.

The agency also noted that, without a renewal of the Debt Service Suspension Initiative (DSSI), which should expire at the end of the year, countries would face financial pressure.

Tofik Abdoul Nasir.

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