Monday, June 26, 2023

China's Position on Restructuring Loan Debt

 Reuters published on 22 June 2023 an article titled "Explainer: What Is China's Position on Restructuring Debt Owed by Poor Nations?" by Joe Cash.

China wants multilateral lenders like the International Monetary Fund and World Bank to absorb some of the loses on loans to nations such as Zambia that are unable to meet their debt terms.  Paris Club countries, especially the United States, have resisted this request.