China to attend debt roundtable in India | Finance

China will attend the meeting at the level of Finance Minister and Governor of the People’s Bank of China. (Source: AFP/VNA)

Archyde.com reported in an interview on the program 60 Minutes of the American television network CBS broadcast on February 5 (local time), CEO International Monetary Fund (IMF) Kristalina Georgieva said Finance Minister and Governor Central Bank of China will attend a roundtable with other creditors and some countries loan in India this February.

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“China has to change its policy because low-income countries cannot afford it. Our goal is to bring together all the creditors, traditional creditors from advanced economies, new creditors such as China, Saudi Arabia, India, as well as the private sector and bring them to the negotiating table with debtor countries. China will participate at the level of Finance Minister and Governor of the People’s Bank of China.”

Ms. Georgieva noted that debt reduction is very important for countries that are deeply in debt, to avoid the risk of cutting social services and other consequences.

This past January, Ms. Georgieva confirmed the event, also the first meeting on this issue, will take place on the sidelines of a meeting of financial officials from the Group of leading developed and emerging economies in the world. world (G20) in India.

(Vietnam+)