00:00In indeed for those countries that are most vulnerable this is where the consumption basket is heavily weighted towards energy
00:09and food and so indeed it is much much more difficult but unfortunately there is no other choice.
00:16I think that adjustment would have to happen and for some of those economies especially the low income countries a
00:24long-standing recommendation that we've been giving is to try to mobilize revenues and such which we understand is really
00:31hard.
00:32However in some of those countries where we could very well be past the liquidity part and where debt is
00:40not sustainable then resolving that debt and having orderly and timely restructuring is always better than waiting because then the
00:49cost of restructuring down the road is going to be much higher.