The Wall Street Journal quotes people familiar with the matter and said that China is negotiating a compromise plan with other major creditors, which may help break the deadlock of billions of dollars in debt deductions for developing countries that are in trouble.Essence
According to reports, people familiar with the matter said that the Chinese government has been promoting multilateral loan institutions such as the World Bank and the International Monetary Fund (IMF) with the country with the country in any debt restructuring transaction.
People familiar with the matter revealed that if the new plan is reached, China may give up this requirement in exchange for large multilateral loan institutions and regional partners such as Asia Development BankLow -cost financing, including allocation.
People familiar with the matter said that this may help break the deadlock that hinders China's and other government creditors on the reorganization of debt reorganization in Zanbieia, and has become a billion dollar for other developing countries that have fallen into a fiscal crisis.Examples of debt reduction and exemption transactions.The negotiation may subsequently negotiate the details of Zambian debt restructuring, such as extending the repayment period and reducing interest rates.People who are familiar with Beijing decision -making say that China continues to oppose the loss of its loan face value.
At the IMF and World Bank's half -year meeting in Washington this week, economic decision makers from all over the world will discuss this debt plan.
Chinese officials will participate in Global sovereigntyDebt round table meeting.Large -scale private creditors such as Bellaide and headquarters headquarters in London will also attend the round table meeting.
