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2min chapter
China's Role in Developing Country Debt Restructuring
China Global
Introduction
China's lending for projects in other countries between 2000 and 2017 totaled more than $800 billion. Zambia defaulted on its public debt two years ago, Sri Lanka, Ghana, Ethiopia, and Pakistan have already defaulted or are on the cusp of doing so. Beijing has been reluctant to participate in multilateral debt restructuring unless the World Bank and other regional development banks also agree to write down their own loans.
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