(Bloomberg, Washington) Malpas, President of the World Bank, said that China ’s behavior in the negotiations of the Zambia Debt State has led to delay in the debt restructuring process of the country, and the Chinese government needs to give up unrealistic requirements.
According to Bloomberg News on Wednesday (January 25), Malpas pointed out that China has raised many problems in the creditor committee, leading to delay in debt restructuring.
He said that the priority was to achieve actual debt reorganization and reduce Zabia's debt.He added that progress may be made in the next few months.
Zambia became the first African country to default to debt default after the crown disease epidemic.
The country has been trying to reorganize foreign debt of up to $ 17 billion (S $ 22.3 billion) in the past few years, more than one -third of which was held by Chinese creditors.
Malpas held talks with officials of the National Development Bank of China and China National Development Bank last month. These two banks are China's largest loan institutions to poor countries.
The US Treasury Minister Yellen and the President of the International Monetary Fund (IMF) Gionerkiya also visited Zambia on Monday (23) to try to speed up the reorganization of debt restructuring.
Yellen means that China has always been an obstacle to the debt problem of Zambia.
The Chinese Embassy in Zanbia responded that Yellen's words and deeds revealed the current situation and success of the United States' "catastrophic debt problem", and urged the United States to stop destroying sovereign countries to solve its debt problems in a non -name way.
A senior official of the US Treasury said that the Chinese government hopes that multilateral development banks can bear debt loss.
However, the official believes that the IMF and the World Bank can help Zabia weaken their positions through preferential loans and affect their ability to continue their work.Malpas also agreed with the official's point of view.
