Officials from China, India, Saudi Arabia and Group of Seven nations will participate in a first virtual meeting of a new sovereign debt roundtable on Friday, the International Monetary Fund said on Monday, confirming an earlier Reuters report.
An IMF spokesperson confirmed the first roundtable meeting would take place on Friday, and said more details would be released in the near future.
Creation of the body comes amid growing frustration about the slow pace of discussions on debt relief for Zambia, which first requested help two years ago. Organizers say the roundtable could help resolve issues in principle and will not focus on Zambia or other individual cases. U.S. Treasury Secretary Janet Yellen and other G7 officials see China, now the world's largest sovereign creditor, as the main stumbling block for quicker work on debt treatments. They are also pushing for agreement by G20 members on expanding the common framework to include middle-income countries.
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