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Sharply Contrasting Views on Whether China is Right to Demand Multilateral Development Banks to Take Losses on Their Loans


The dispute between China and Western lenders about how Multilateral Development Banks (MDBs) should take part in debt restructuring goes beyond current U.S.-China tensions.

Rather, it relates to the fundamental question of how to fund development, rooted in much broader differences between the Global North and the Global South.

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