PBOC Chief Urges Clarity on Burden Sharing for Debt Relief
- China’s role as creditor to developing nations under scrutiny
- Beijing has been criticized for slow pace of its negotiations
This article is for subscribers only.
The head of China’s central bank wants creditors engaged in debt restructurings for emerging market countries to agree on how to fairly share the burden of relief, according to people familiar with the situation.
Pan Gongsheng, governor of the People’s Bank of China, shared the views during a closed-door meeting Friday in Washington on the sidelines of the International Monetary Fund spring meetings, according to the people, who attended the event but asked not to be identified because the session wasn’t for attribution.