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Posts tagged as “Debt Relief”

Pressure Mounts on China to Offer Debt Relief to Poor Countries Facing Default

by Alan Rappeport in The NY Times, Apr 15, 2023WASHINGTON — China, under growing pressure from top international policymakers, appeared to indicate this week that it is ready to make concessions that would unlock a global effort to restructure hundreds of billions of dollars of debt owed by poor countries. China has lent more than $500 billion to developing countries through its lending program, making it one of the world’s largest creditors. Many of those…