WASHINGTON, April 22 ― The International Monetary Fund ended its semi-annual gathering of global finance chiefs without a consensus for the first time in its history yesterday, a sign of the strains created by Russia's invasion of Ukraine.
“Russia's war against Ukraine has made it impossible to come to a consensus on a communique,” she said. It also raises fear of a food and debt crisis amid reduced grain supplies, and rising interest rates to combat inflation. With many poor nations facing debt distress, officials this week have lamented the slow pace of implementation of the G20 Common Framework created during the pandemic to help heavily indebted countries find a path to restructure their obligations.
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