China calls on the G20 countries to conduct a fair, objective and in-depth analysis of the causes of the global debt crisis.
Yesterday, China further requested to resolve this issue in a comprehensive and effective manner.
China’s Finance Minister Liu Kun announced this while attending a meeting of Finance Ministers and Central Bank Governors of the G20 countries held yesterday in Bangalore, India.
China has repeatedly criticized the US for dragging its feet in providing debt relief to dozens of low- and middle-income countries.
China is the world’s largest bilateral creditor.
China has reminded that international financial institutions and commercial creditors should follow the principles of joint action and fair burdens in debt settlement.
Officials from the International Monetary Fund (IMF), World Bank and G7 countries will meet today on the sidelines of the G20 summit for first-in-person discussions of the new IMF Global Sovereign Debt Roundtable.
The first meeting of G20 finance ministers and central bank governors will be held on February 24 and 25.
The Sri Lankan government is also paying attention to the position presented by China in this conference regarding debt restructuring.
It is for the debt relief of the International Monetary Fund, which is currently in its final stages.
