David Malpass, who is about to leave, has called on China to play a more positive role in the reorganization negotiations of the debt crisis in developing countries.
According to Bloomberg report, Malpaas said on March 21 on the event of the Foreign Relations Association (CFR) that China has become one of the major countries that provide loans to developing countries. ThereforeA debt reorganization.Malpas said that China "is not used to doing this."
As the main country that provides loans to poor countries, Malpas has criticized China to join the clause of confidentiality, which has increased the evaluation loan contractDifficulty.
Malpas also said: "We talk to China and have made some progress." He mentioned that China participated in the International Monetary Fund (IMF) to assist Sri Lanka.
Bloomberg reported that Sri Lanka's aid negotiations made progress, but the debt negotiations of other vulnerable countries such as Zambia were in a deadlock.The main crux of negotiations is that China and the United States -led traditional loan countries led by multilateral institutions such as the West Bank of China have different opinions.
The New President of the United States President Biden will visit China on Wednesday.The U.S. Treasury issued an announcement on Tuesday stating that Ajay Banga, nominated by Bayeng last month, will meet with the Chinese Treasury Secretary, the leader of the central bank and the Asian Investment Bank President.
