IMF Meets Under Energy Shock

BangkokDeveloping countries face $400 billion in external debt payments this year.

The IMF says global public debt is at its highest since World War II.

Developing countries must renegotiate at higher rates, and interest already exceeds 10% of their revenue on average.

Many lower-income countries fear new IMF loan conditions, fewer but deeper reforms, will bring austerity.

Federal Reserve Chairman Kevin Warsh joins IMF chief Kristalina Georgieva at a public event on 16 October.

Sources: Al Jazeera Online