Follow CGSP on Social Media

Listen to the CGSP Podcast

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

by Eric Olander
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:

Lead the Conversation on China

Subscribe Today to Get Full Access to The China-Global South Project

Check Out Everything You'll Get With Your Subscription

The China-Global South Daily Brief delivered to your inbox at 6AM Washington time

Full access to exclusive news and analysis from editors based in the Global South

Transcripts of CGSP’s twice-weekly podcasts

Students and teachers with a valid .edu email address are eligible for a 50% discount off monthly or yearly subscriptions. Email us to receive a discount code.

You Might Like

With an Eye on China, G7 Finance Ministers Call on G20 Bilateral Creditors to Keep Their Debt Freeze Promises

U.S. Treasury Secretary Steven Mnuchin hosted a teleconference with his fellow finance ministers from the Group of Seven rich countries on Monday and the burgeoning debt crisis in the world’s poorest countries was ...

G20 Again Pays Lip Service to Developing World Debt Relief But Still Refuses to Do Anything To Resolve the Crisis

Finance ministers and central bank heads from the world’s twenty largest countries wrapped up their latest get-together in Jakarta on Friday without any meaningful progress on the burgeoning debt crisis in ...

IMF Considers Circumventing China for Sri Lanka’s Emergency Debt Relief

The International Monetary Fund may have found a way to unblock the impasse with China that’s blocked Sri Lanka’s $2.9 billion emergency financial package. The IMF, according ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

Subscribe