There’s an enormous disconnect between how the Chinese are approaching the debt crisis in poor countries and the expectations of the world’s legacy donors.
People like World Bank President David Malpass seem befuddled as to why China is not fully supporting the G20’s Debt Service Suspension Initiative (DSSI). For weeks now, he’s been telling anyone who’ll listen that “Chinese creditors aren’t participating.” U.S., European and Japanese stakeholders have all expressed similar sentiments.
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