China to drop demand for development bank debt restructuring losses—source

WASHINGTON—China is expected to drop its demand for multilateral development banks to share losses alongside other creditors in sovereign debt restructurings for poor countries, breaking a major roadblock to debt relief, a source familiar with the plans said on Tuesday. The development is expected at a high-level sovereign debt roundtable on Wednesday on the sidelines … Continue reading China to drop demand for development bank debt restructuring losses—source