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From The New Indian Express

Center Owned by Express Publications (Madurai) Ltd.

'No choice': IMF says developing countries must cut spending or restructure debt

'No choice': IMF says developing countries must cut spending or restructure debt

RSS excerpt

BANGKOK: The International Monetary Fund warned on Tuesday that while low-income developing countries were dealing with the disproportionate impacts of the Iran war-fuelled energy shock, many had "no choice" but to cut spending or face debt restructuring. Speaking to AFP on the sidelines of the…

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