World Bank president David Malpass speaks ahead of the IMF-World Bank Spring Meetings in Washington, DC, the US, April 11 2019. Picture: MARK WILSON/GETTY IMAGES/AFPThe rising influence of lending by China to developing nations is increasingly under the spotlight amid concerns the growing debt burden and onerous conditions could sow the seeds of a crisis.
IMF chief Christine Lagarde said the high debt levels and number of lenders, who do not all conform to international norms, also complicate any future efforts to restructure a country's debt. An IMF report issued this week warned that rising debt levels around the world — government and corporate borrowing — poses a risk to the global economy.
Source: Loan Digest (loandigest.net)
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