"Fruitful Exchange": IMF Chief On Debt Talks With China
NDTV
Georgieva said she saw "space for a platform for more systematic engagement on debt issues, where China can play an active role," but gave no further details.
International Monetary Fund chief Kristlina Georgieva said she had a "fruitful exchange" with her Chinese counterparts this week on her repeated calls for accelerating debt treatments for countries like Zambia and Sri Lanka.
Georgieva, World Bank President David Malpass and other financial leaders met in person in China's Anhui province this week with officials from the People's Bank of China, China's finance ministry and its EXIM Bank and China Development Bank.
Georgieva said the discussions touched on the common framework for debt treatment set up in late 2020 by China, the United State and other Group of 20 major economies, as well as some specific cases of countries seeking debt relief.
Implementation of the common framework process has been halting, with only one country, Chad, having completed the debt treatment process, and its agreement not resulting in any actual reductions of the country's debt.
