WASHINGTON (Reuters) – The pinnacle of the International Monetary Fund on Sunday welcomed a deal reached by Chad’s creditors and said it would scale back the danger of debt distress and guarded the central African country against downside risks, including lower oil prices.
“Now we have been waiting for today,” IMF Managing Director Kristalina Georgieva said in an announcement.
She said the debt treatment agreed by the creditors was consistent with the objectives of Chad’s IMF-supported program, and will pave the best way for completion of the primary and second reviews that might enable disbursement of IMF funds.
(Reporting by Andrea Shalal; Editing by Daniel Wallis)
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