China is expected to drop its demand for multilateral development banks to share losses alongside other creditors in sovereign debt restructurings for poor countries, breaking a major roadblock to debt relief, a source familiar with the plans said.
“I’m so far optimistic. I hope to remain optimistic after tomorrow when we are meeting,” Georgieva told the Bretton Woods Committee event. She added that an April 3 deputies meeting for the sovereign debt roundtable went well.
“I’ve been encouraged by China’s willingness to provide specific assurances with respect to Sri Lanka. I regard that as a positive sign,” Yellen told a news conference at the start of the International Monetary Fund and World Bank spring meetings.
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