IMF'S Georgieva hails G20 debt framework but 'this crisis is not over'

FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes remarks during a closing news conference for the International Monetary Finance Committee (IMFC), during the IMF and World Bank's 2019 Annual Meetings of finance ministers and bank governors, in Washington, U.S., October 19, 2019. REUTERS/Mike Theiler

WASHINGTON/NEW YORK (Reuters) - The adopted G20 common debt framework is a ‘very important step’ toward improving international debt architecture, but other countries besides the world’s poorest could face unsustainable debts and the crisis “is not over,” IMF Managing Director Kristalina Georgieva said on Friday.

Georgieva, in remarks to officials from the Group of 20, said the common framework will increase the likelihood of private sector participation.

Reporting by Andrea Shalal and Rodrigo Campos