At its spring session this week, the International Monetary Fund said the world is recovering from the COVID-19 pandemic faster than expected, but that recovery has been uneven. Many developing countries are facing a looming debt crisis, after 86 nations borrowed $110 billion in emergency funds from the IMF. So, as The World’s Rupa Shenoy reports, IMF member countries agreed to take an extraordinary step to give those countries a shot at leveling the playing field.
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