World Bank Chief Urges China to Restructure Poor Nation Debt
- Malpass says private sector creditors also hold debt
- Adds China hasn’t been in the habit of debt restructuring
David Malpass
Photographer: Ting Shen/BloombergThis article is for subscribers only.
The outgoing World Bank chief called on China to be more active in restructuring discussions for developing countries in debt crisis.
China has “become one of the world’s major lenders to developing countries so we are trying to work with them to do debt restructuring,” David Malpass said at a Council on Foreign Relations event. “They haven’t been in the habit of doing that.”