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Influential U.S. Group Calls on China and Other Creditors to Be More Transparent About Emerging Market Debt

An influential group of scholars and finance leaders in the U.S. appealed for a new “global consensus” on debt transparency in developing countries and described China’s involvement as “critical.”

The Bretton Woods Committee said in a report published on Monday that creating a common, global standard for debt transparency is essential if emerging market economies are going to rebound from the COVID-19 induced economic downturn. “A  broadly accepted and consistent information base regarding existing debt obligations is a foundational requirement for successful systemic reform,” the group said.

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