Bangkok, Oct 13, 2026 (AFP) - 'No choice': IMF says developing countries must cut spending or restructure debt

NAMPA / AFP

2026-10-13

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 organisation's Annual Meetings in Bangkok, IMF deputy director of research Petya Koeva Brooks said heavily indebted oil-importing countries were facing the worst o......

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