Kiribati

Republic of Kiribati

SVG not on verge of economic collapse – Finance Minister

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Minister of Finance, Camillo Gonsalves says a December 2 Bloomberg News Wire report falsely suggests that the International Monetary Fund (IMF) says this country is on the brink of ‘economic collapse’. 

 “Nowhere in the IMF blog post cited by Bloomberg does IMF managing director Kristalina Georgieva mention SVG. Not once; look it up,” Gonsalves commented to SEARCHLIGHT on Monday.  

 The comment was in reference to an article on BNN Bloomberg written by Ana Monteiro with the headline, “IMF Warns of Economic Collapse in Poor Nations Without Debt Fix.”