BENGALURU, India – There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G-20 meeting, adding that banning private cryptocurrencies should be an option.
China, the world’s largest bilateral creditor, urged G-20 nations on Friday to conduct a fair, objective and in-depth analysis of the causes of global debt issues as clamour grows for lenders to take a large haircut, or accept losses, on loans. “We just finished a session in which it was clear that there is a commitment to bridge differences for the benefit of countries.”is another priority area for India, which Ms Georgieva agreed with.
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