WASHINGTON (Reuters) – The head of the International Monetary Fund on Sunday welcomed a deal reached by Chad’s creditors, saying it would reduce the risk of debt distress and protect the central African country from falling oil prices. The impact of downside risks.
“We have been waiting for this day,” IMF Managing Director Kristalina Georgieva said in a statement .
She said that the debt treatment agreed to by creditors is in line with the objectives of Chad’s IMF-backed program and should pave the way for the completion of the first and second reviews so that IMF funds can be disbursed .
