Global finance leaders single out China as barrier to faster debt relief

WASHINGTON : Western countries this week ratcheted up their criticism of China, the world's largest bilateral creditor, as the main obstacle to moving ahead with debt restructuring agreements for the growing number of countries unable to service their debts.

"Everyone agrees Russia should stop its war on Ukraine, and that would address the most significant problems that Africa faces," Yellen told reporters at the International Monetary Fund and World Bank annual meetings in Washington. As China is the missing piece in the puzzle of a number of debt talks under way in developing markets, the Group of 20 launched in 2020 a Common Framework to bring creditors such as China and India to the negotiation table along with the IMF, Paris Club and private creditors.

Spanish Finance Minister Nadia Calvino, who chairs the IMF's steering committee, told Reuters in an interview on Thursday that there was increasing concern about China not participating fully in debt relief efforts, noting that China had not sent officials to participate in person at this week's IMF and World Bank meetings.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Britain's finance minister Kwasi Kwarteng to be sacked: British mediaHe is being blamed, along with Prime Minister Liz Truss, for sending the British economy into a tailspin. Read more at straitstimes.com.
출처: STForeignDesk - 🏆 4. / 71 더 많은 것을 읽으십시오 »

UK finance minister says 'not going anywhere' amid talk of new U-turnsKwasi Kwarteng insisted he was safe in his job. Read more at straitstimes.com.
출처: STForeignDesk - 🏆 4. / 71 더 많은 것을 읽으십시오 »

Kwasi Kwarteng: End of a short road for UK's finance ministerHis sacking represents a humiliation for the Cambridge- and Harvard-educated former Chancellor of the Exchequer. Read more at straitstimes.com.
출처: STForeignDesk - 🏆 4. / 71 더 많은 것을 읽으십시오 »