A press release was published on Friday 18 July 2025 at the end of the third meeting of G20 finance ministers and central bank governors. The First Deputy Managing Director of the International Monetary Fund (IMF), Gita Gopinath, said that financing conditions remain tight for many

Establishing efficient and timely restructuring mechanisms remains an emergency for countries whose debt is not sustainable. This is one of the recommendations that emerged from the statement by Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF). According to the latter, “although capital flows to emerging and developing countries generally resisted in 2025, despite greater volatility in financial markets and the uncertainty surrounding public policies, they remain modest and financing conditions remain tight for many borrowers

Indeed, in order to lower the cost of capital and attract private investment, Ms. Gopinath believes that efforts should primarily be made at the national level with reforms.

She believes that “for countries whose debt is not sustainable, it is essential to act proactively to restore debt sustainability. To do this, efficient and timely restructuring mechanisms should be put in place. Significant progress can be observed in this direction.”