Tag: Multilateral Development Banks (MDBs)

If China is successful in its effort to force multilateral development banks (MDB) like the World Bank and the International Monetary Fund to accept the same kind of writedowns (known as 'haircuts') on loans to poor countries as other lenders, it would endanger the entire global development ...

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 ...

FT’s claim (subsequently walked back) that the Zambian Finance Minister rejected China’s call to include the World Bank and other multilateral lenders in debt restructuring triggered responses from prominent commentators across Twitter. The reactions give an interesting glimpse into the complications raised ...

The Paris Club of wealthy creditor states turned up the pressure on China to resolve the current impasse that's blocking debt relief for Sri Lanka and other developing countries. “The Paris Club members as well as Hungary and Saudi Arabia urged other official ...

A major philosophical difference is emerging as a hold-up to Zambia’s much-needed debt relief. Foreign Ministry spokesperson Mao Ning recently said the key to easing Zambia’s debt burden “lies in the participation of multilateral financial institutions and commercial creditors in the debt-relief efforts.” ...