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World Bank's Banga calls for more transparency in debt restructuring process
Banga said the World Bank was working very closely with the International Monetary Fund and others to accelerate debt restructuring,
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Reuters - Fri, 17, Oct 2025
- 23:10 EDT
- 21
World Bank President Ajay Banga speaks during the IMF/World Bank annual meetings in Washington, D.C., U.S., October 17, 2025. / REUTERS/Ken Cedeno
World Bank President Ajay Banga on Oct. 17 stressed the need to increase transparency in debt restructuring processes to give greater clarity to all parties involved, including by expanding the debtor reporting system to all Group of 20 major economies.
Banga said the World Bank was working very closely with the International Monetary Fund and others to accelerate debt restructuring under the G20 Common Framework for Debt Treatments, while advancing domestic revenue reforms, expanding financing and supporting liability management.
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