Understanding China's Role in the Developing World Debt Crisis (Part 2)
The China in Africa Podcast
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The Internal Reality of the Chinese Debt Renegotiation Process
The IMF is trying to find a way to reduce the present value of debt owed by developing countries. The Chinese are very reluctant to take an outright cut in the principal amount, but they are relatively flexible in extending the law. On the multilateral development bank side, for example, there are strong reluctance to take any nominal cut. But there's some flexibility to add grants, you know, we're bank in IMF in a way or offer,. and regional development banks offer grants all the time.
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