WASHINGTON, Oct 15 (Reuters) – Top U.S. and Chinese officials will join Wednesday’s meeting of the Global Sovereign Debt Roundtable, where a key topic will be the lack of transparency about bank loans that have complicated developing countries’ debt restructuring efforts.
International Monetary Fund strategy chief Ceyla Pazarbasioglu said the continued participation of the world’s two largest economies in the roundtable, despite a fierce trade war dividing them, showed their commitment to keep addressing the high debt levels hurting developing countries.
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Speaking to reporters at the annual meetings of the IMF and the World Bank, Pazarbasioglu said the roundtable created in 2023 had led to progress in shortening the timelines of official debt restructurings and restructuring bonded debt, but there was more work to do on non-bonded debt.
US, China are still committed to global debt efforts, IMF strategy chief says
