The G20 Common Framework somehow assumed that China could behave like Paris Club creditors within the international financial system. The Zambia restructuring is proving that this assumption is overstated for the time being, as the IMF ramps up pressure ahead of the Spring Meetings next week.
The (un)Common Framework: push comes to shove
The (un)Common Framework: push comes to shove
The (un)Common Framework: push comes to shove
The G20 Common Framework somehow assumed that China could behave like Paris Club creditors within the international financial system. The Zambia restructuring is proving that this assumption is overstated for the time being, as the IMF ramps up pressure ahead of the Spring Meetings next week.