Timelines, predictability will be new focus of IMF

Special focus: Georgieva speaks in an interview at the G20 Financial Summit in Sao Paulo, Brazil. The IMF chief declines to give specific timelines, but says panel participants in April would work to define specific steps in a debt restructuring process. — Reuters

SAO PAULO: International Monetary Fund (IMF) managing director Kristalina Georgieva says she wants to shine a spotlight on the timelines and predictability of debt restructuring processes at the next meeting of the Global Sovereign Debt Roundtable in April.

Georgieva told Reuters she hoped to make progress on the issue when the roundtable, which includes debtor countries and official and private creditors, meet in Washington in April during the spring meetings of the IMF and the World Bank.