The latest bid by the world's leading institutions and creditors to speed up debt restructurings and get bankrupt countries back on their feet has been greeted by a mix of cautious optimism and weary scepticism by veteran crisis watchers.
Global headwinds are about to get stronger too.
The Chinese debt, meanwhile, is often opaque and muddied by arguments about whether the loans have been given by "official" entities - i.e by the government - or by "private" entities. that up to $520 billion in debt needs to be written off to help developing nations at greatest risk of default return to a sounder fiscal footing.
"You have to make it functional. The fact that it's been in place for three years and there is nothing to really show for it, that is really appalling." Patrick Curran, senior economist with Tellimer, added that China dropping demands for the big multilateral development banks to swallow losses on their loans could also be "a major breakthrough".
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysis: Macron's aim of EU unity on China undone by trip falloutFrench officials were in damage control mode on Tuesday as they tried to contain anger, division and confusion sparked by President Emmanuel Macron's comments on Europe's dependence on the United States and its relations with China and Taiwan.
Read more »
Analysis | Macron’s China trip turns into a European uproarAnalysis: At the center of the controversy is an interview French President Emmanuel Macron gave that touched on Taiwan and China, saying Europe should not get “caught up in crises that are not ours.”
Read more »
China vice president tells Intel CEO to take root in China - state mediaChina's Vice President Han Zheng told Intel's CEO on Wednesday to take root in China to help maintain the stability of the global industrial supply chain, state radio reported on Wednesday.
Read more »
USD/CAD Price Analysis: Bears are in control and target a break of daily lowsUSD/CAD bears are taking out key structure in what could be the beginnings of a bearish extension for the days and weeks ahead as the following top-do
Read more »
AUD/USD Price Analysis: Bears eye a break of key support structuresThe Australian Dollar was not far from four-month lows touched in March in mid-week trade while investors weigh the monetary policy outlook domestical
Read more »
USD/CAD Price Analysis: Bears are in the market and eye test of 1.3400As per the prior USD/CAD analysis, USD/CAD Price Analysis: Bears are in control and target a break of daily lows, the price dropped accordingly and th
Read more »