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Understanding China's Role in the Developing World Debt Crisis (Part 2)

The China in Africa Podcast

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The Cost of Restructuring Creditors

Private creditors in places like Zambia Ghana and Sri Lankan elsewhere are significantly more. Even if you have western hedge funds it's not like resisting restructuring ultimately means you get everything you gain only if other creditors make concessions you don't that's kind of the game we worry about so globally we want to avoid creditors play that kind of a game. I think having some collective eco-sacrifice essentially is essentially is the way to go all their holders can you know you this the process it there to be?

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