![Central Banking](https://nginx.production.bb8-centralbanking.uk3.amazee.io/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
World faces systemic debt crisis, IMF warns
IMF calls for urgent reforms and Japanese finance minister criticises China over debt agreement
![Geoffrey Okamoto](/sites/default/files/styles/landscape_750_463/public/2020-03/Geoffrey_Okamoto.jpg.webp?h=6c030396&itok=jDpIOSwL)
Major gaps in the international debt restructuring framework are increasing risks of a systemic sovereign debt crisis, International Monetary Fund officials warn.
In a report published today (October 1), the IMF says not enough has been done to prevent holdouts from derailing debt restructuring processes.
Senior IMF officials, including managing director Kristalina Georgieva, say reform of the international debt architecture is urgently needed. First deputy managing director Geoffrey Okamoto
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-digital.com/terms-and-conditions/subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-digital.com/terms-and-conditions/subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com