IMF Warns Faster Debt Relief Needed as More Nations Seek Help.

Meanwhile, developing nations have amassed a quarter-trillion dollar pile of distressed debt that threatens to create a historic cascade of defaults. %USD, 13347Z, AFRICA, ALLTOP, ASIA, ASIATOP, BON, BUSINESS, CHINA, ECOTOP, FRX, GLOBALMACR, GOV, MARKETS, NORTHAM, TOP, US, WORLD, WWTOP, WWTOPAM, WWTOPAS, WWTOPEU Keywords: %USD; 13347Z; AFRICA; ALLTOP; ASIA; ASIATOP; BON; BUSINESS; CHINA; ECOTOP; FRX; GLOBALMACR; GOV; MARKETS; NORTHAM; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN %USD 13347Z AFRICA ALLTOP ASIA ASIATOP BON BUSINESS CHINA ECOTOP FRX GLOBALMACR GOV MARKETS NORTHAM TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU RH8PV3T0G1KW About 60% of low-income countries are at high risk of or already in debt distress, and about 20 emerging markets have debt that's trading at distressed levels, First Deputy Managing Director Gita Gopinath said in an interview with Michael McKee on Bloomberg Television Friday. [Extracted from the article]