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IMF chief urges support for poorer nations facing inflation, war spillovers

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Summary

The IMF chief urged support for poorer nations facing high inflation and war spillovers, saying low-income countries spend up to 14 percent of their revenue on debt repayments, Al Jazeera reports. This follows earlier reports that he urged the United States and other rich nations to rein in deficits as global debt soared.

This continues an earlier story: IMF chief urges deficit cuts as global debt soars

Timeline

  1. Al Jazeera

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    Al Jazeera reports that the IMF chief urged support for poorer nations facing high inflation and war spillovers, and said low-income countries spend up to 14 percent of their revenue on debt repayments.

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