India Adds to Mounting Pressure on China to Resolve Debt Relief Impasse With IMF, World Bank

File image of Amitabh Kant, sherpa for India during its presidency of the G20 this year. CHANDAN KHANNA / AFP

The Indian government called on China to stop blocking the debt restructuring process for the world’s poorest countries, adding to the pressure on Beijing ahead of a critical meeting with the World Bank and the International Monetary Fund on Friday.

Amitabh Kant, Prime Minister Narendra Modi’s point person (or “sherpa”) in coordinating G20 events India is hosting this year, told Bloomberg China’s insistence that multilateral development banks (MDBs) like the World Bank and IMF accept write-downs on their loans is unacceptable:

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by Eric Olander

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