There is cautious optimism at the World Bank and International Monetary Fund (IMF) spring meetings in Washington DC for progress on debt relief. Earlier this week, Reuters and other outlets reported that China could be willing to drop its demand that Multilateral Development Banks (MDBs) like the World Bank and IMF have to accept losses as part of debt restructuring.
Whether China is actually willing to make concessions still has to be confirmed. Wednesday saw the first full-fledged meeting of a Global Sovereign Debt Roundtable, led by the World Bank, the IMF and India, the current head of the G20.
