IMF must be more active on debt restructurings, Georgieva says

WASHINGTON, April 22 (Reuters) - The International Monetary Fund must be more active in debt restructuring processes, the global lender's managing director, Kristalina Georgieva, said on Tuesday, noting the growing challenges facing vulnerable low- and middle-income countries.

Georgieva told an event hosted by the Bretton Woods Committee that she had heard from African countries and others that they wanted the IMF to provide more technical assistance for countries grappling with high debt levels.

She said a new playbook had been approved by the Global Sovereign Debt Roundtable that would help countries navigate the complex process of restructuring heavy debt burdens. The roundtable, which includes creditor and borrowing countries, as well as the IMF and World Bank, will meet on Wednesday.