China Pushes Back at Outgoing World Bank President’s Criticism That Beijing Isn’t Doing Enough on Debt Relief

The Chinese government clapped back on Wednesday against renewed criticisms from outgoing World Bank President David Malpass that Beijing isn’t moving fast enough to restructure debts in many of the world’s poorest countries.

Earlier this week, at a speech in New York at the Council on Foreign Relations, Malpass said even though China has emerged as a major lender to developing countries, “they haven’t been in the habit of [restructuring debt].”

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.



source https://chinaglobalsouth.com/2023/03/23/china-pushes-back-at-outgoing-world-bank-presidents-criticism-that-beijing-isnt-doing-enough-on-debt-relief/

Comments

Popular posts from this blog

China Angry With Japan Over G7 Joint Statement, Labels Accusations as “Hype”

The Growing Influence of Chinese Policing in Africa

Papua New Guinea, Micronesia to Sign Agreement With U.S. as Pacific Island Countries Increasingly Take Sides in Great Power Rivalry