Countries in stronger position should help others with debt woes -IMF chief

BOAO, China, March 30 (Reuters) - Countries in a relatively stronger position should help vulnerable nations especially those under debt distress, International Monetary Fund managing director Kristalina Georgieva said on Thursday.

The IMF chief said such assistance would be particularly important against the backdrop of high interest rates and currency depreciation.

"We urgently need faster and more efficient global mechanisms for providing debt treatments to these countries," Georgieva said at the Boao Forum for Asia, adding that such mechanisms would significantly benefit both debtors and creditors.

"Success would remove one important source of uncertainty to the global picture," she said.

Georgieva also said the IMF welcomes China's engagement in the Common Framework programme and participation in the new Global Sovereign Debt Roundtable.

The Boao Forum, often seen as Asia's equivalent to the World Economic Forum's annual meeting in Davos, Switzerlan...
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