IMF Says China Must Show It Can Play by World Debt-Revamp Rules
- IMF may need to consider options if China holds out on Zambia
- Fund’s Kristalina Georgieva speaks in Bloomberg TV interview
This article is for subscribers only.
China, the biggest bilateral creditor to developing countries, needs to show it can operate within established international debt-relief processes for poor nations such as Zambia struggling to pay, the chief of the International Monetary Fund said.
“China has been very slow to recognize that multilateral debt restructuring requires China to play by the rules that are already established,” Managing Director Kristalina Georgieva said in a Bloomberg Television interview with Tom Keene Thursday. “Now is the time for China to demonstrate that they are capable of playing by these rules.”