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4min chapter
A special interview with the boss of the World Bank
Business Daily
The Debt Trap Diplomacy of the World
A lot of countries in high risk of debt distress or already in an unsustainable debt burden. Pakistan, Sri Lanka owes China about $77 billion and both have asked the IMF for a bailout. The challenge these countries face is there's not really a system to help them either negotiate with Chinaor think of a fair way to reduce the burden on all of their creditors.
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