WASHINGTON : A new global sovereign debt 'roundtable' that will include China, other creditors and some borrowing countries will meet for the first time next month on the sidelines of a Group of 20 finance officials meeting in India, IMF Managing Director Kristalina Georgieva said on Thursday.Georgieva, t
WASHINGTON : A new global sovereign debt"roundtable" that will include China, other creditors and some borrowing countries will meet for the first time next month on the sidelines of a Group of 20 finance officials meeting in India, IMF Managing Director Kristalina Georgieva said on Thursday.
The framework was set up by the Group of 20 major economies and the Paris Club of official creditors in October 2020 to help countries weather the COVID crisis, but it has been plagued by long delays. She said the new roundtable would not substitute for the Common Framework, but would seek to work on transparency, timing of debt treatments, how to set cutoff dates for loans to be considered, and other issues that were not fully resolved.
Additional meetings were expected in April at the spring meetings of the IMF and World Bank, she said.
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