IMF Talks on Debt Deadlock Stuck Between China, Private Lenders
- Discussions will happen at IMF’s annual meeting in Marrakech
- Investors bracing for several developing countries to default
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Global creditors are increasingly at odds over how to level the playing field among lenders when governments default, jamming up efforts led by the International Monetary Fund to expedite sovereign debt restructurings.
Talks set for Thursday at the IMF’s annual meeting in Marrakech, Morocco, between various groups involved in restructurings — including China and private creditors — are unlikely to produce any breakthroughs, according to people who will be attending the session.