{"id":132619,"date":"2023-03-01T15:07:39","date_gmt":"2023-03-01T22:07:39","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=132619"},"modified":"2023-03-01T15:07:39","modified_gmt":"2023-03-01T22:07:39","slug":"china-tells-imf-willing-to-take-constructive-part-in-debt-talks","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/03\/01\/china-tells-imf-willing-to-take-constructive-part-in-debt-talks\/","title":{"rendered":"China tells IMF willing to take constructive part in debt talks"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Adaderana<\/em><\/span><\/h2>\n\n\n<p>Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations in a constructive manner,\u201d China Central Television reported.&nbsp;<\/p>\n\n\n\n<p>China is willing to take part in resolving relevant countries\u2019 debt issues,\u201d Li said in a phone call Wednesday with IMF Managing Director Kristalina Georgieva, according to CCTV. China maintains that all sides should take joint action and share equitable burden,\u201d he said.<\/p>\n\n\n\n<p>China, a major lender to debt-laden countries such as Sri Lanka and Pakistan, is mired in disputes with multilateral banks over which parties should take the lead in restructuring sovereign debt.&nbsp;<\/p>\n\n\n\n<p>The IMF is considering approving a Sri Lanka bailout without the formal assurance of debt-restructuring support from Beijing, Bloomberg News reported last month.&nbsp;<\/p>\n\n\n\n<p>The Chinese government, which accounts for about 52% of the bankrupt nation\u2019s bilateral debt, has offered term extensions via state-owned policy lender Export-Import Bank.<\/p>\n\n\n\n<p>Georgieva told Li that the IMF wants to strengthen coordination and cooperation with China to handle the debt crisis in developing countries, CCTV reported.<\/p>\n\n\n\n<p><strong>Source &#8211; Bloomberg<\/strong><br><em>-Agencies<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Adaderana Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations in a constructive manner,\u201d China Central Television reported.&nbsp; China is willing to take part in resolving relevant countries\u2019 debt issues,\u201d Li said in a phone call Wednesday with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[193],"tags":[],"class_list":["post-132619","post","type-post","status-publish","format-standard","hentry","category-imf-bailout-package"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/132619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=132619"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/132619\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=132619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=132619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=132619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}