The nation will implement the G20’s Debt Service Suspension Initiative in all respects, Li said in a meeting on Thursday with IMF managing director Kristalina Georgieva, according to a release from the Ministry of Foreign Affairs. China will strengthen policy coordination with all parties, including the crisis lender, to tackle global challenges such as debt, he said.
Both Georgieva and World Bank president David Malpass have long sounded the alarm about record global debt levels, particularly as monetary authorities have had to raise interest rates to quell accelerating inflation.At least 15 of the 72 emerging markets in a Bloomberg index now have dollar debt trading at