WASHINGTON - As the world's dominant creditor, China and must demonstrate leadership in addressing the growing debt problem facing many low-income and emerging market countries around the world, this year's leader of the Group of 20 finance officials told Reuters.
International Monetary Fund Managing Director Kristalina Georgieva on Thursday said China had committed to joining Zambia's creditor committee amid complaints from Zambia's finance minister about delays to its debt restructuring. Ethiopia and Chad also signed up to the Common Framework more than a year ago and have yet to receive debt relief.
"After a lot of the discussion, especially about the role of China, in the end they agreed to make the creditor committee," she said."That's progress."
She must check her facts before she speaks - Professor Brautigan has already documented extensive China debt restructurings.