WASHINGTON :U.S. Treasury Secretary Janet Yellen said on Thursday that she wants China to move more quickly to support specific debt restructuring for developing countries, especially for Zambia, while leaving broader restructuring questions to separate talks.
"China really needs to come to the table. China's lack of willingness to comprehensively participate and to move in a timely way has really been a roadblock," Yellen said. But she said that some broader questions, such as whether international financial institutions participate in debt restructurings, are blocking progress on specific cases.
Source: Loan Digest (loandigest.net)
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