IMF Managing Director Kristalina Georgieva says that the IMF is pressing for a more effective debt resolution mechanism.
“We want the Common Framework to become more predictable with guidelines and able to bring equality of treatment for all creditors, public and private,” she told a news briefing.
She said that the IMF is also looking for ways in which it can expand that kind of donor coordination to middle-income countries, such as Sri Lanka.
“So, we have a lot to do during this week. And it is so important that we do demonstrate we understand the urgency to act, and we understand that acting together makes a difference to the lives of hundreds of millions of people,” she added.