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IMF Introduces New Rules to Speed Up Debt Restructurings and Blunt Chinese Delays

International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas speaks during a press briefing at the IMF-World Bank Group spring meetings at IMF headquarters in Washington, DC, on April 16, 2024. Mandel NGAN / AFP

The International Monetary Fund approved a new set of rules to speed up the debt restructuring process in developing countries and reduce delays in negotiating settlements with bilateral creditors that have been widely blamed on China.

The new rules specifically focus on when the IMF can lend emergency funds to a debt-distressed member nation.

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