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IMF, World Bank Losing Patience With China Over Debt Relief Standoff

The International Monetary Fund and World Bank's annual week-long joint gathering known as the "Spring Meetings" gets underway on Monday in Washington, D.C. Daniel SLIM / AFP

China’s ongoing stand-off with multilateral lenders over debt relief terms for developing countries will be a prominent issue at International Monetary Fund and World Bank’s annual week-long gathering known as the Spring Meetings that get underway on Monday in Washington, D.C.

China has not budged from its position that multilateral development banks (MDBs) like the World Bank and the IMF should also take losses on their loans in debt restructuring processes. Chinese officials contend that it’s not fair bilateral creditors take so-called “haircuts” while MDBs do not.

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