China to drop demand for development bank debt restructuring losses -source ...Middle East

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China to drop demand for development bank debt restructuring losses -source
source : Devdiscourse ( Middle East ) () 42
China is expected to drop its demand for multilateral development banks to share losses alongside other creditors in sovereign debt restructurings for poor nations, removing a major roadblock to debt relief, a source familiar with the plans said. The development is expected at a high-level sovereign debt roundtable on Wednesday on the sidelines of the World Bank and International Monetary Fund Spring meetings in Washington.

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