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China''s Developing Countries Debt Problem: Options for win-win solutions

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  • Diwan, Ishac; Wei, Shang-Jin

Abstract

This paper’s main contribution is to provide a conceptual framework to clarify when, and how, China could participate in debt restructuring processes. Taken together, the implication of the analysis is that the Common Framework needs a complete overhaul. The institutional structure created by the G20 is valuable, as it brings the key actors under one roof. But substance needs to match form: the most prominent creditor, China, should be able to shape its key principles and rules. Without that, debt restructuring agreements will continue to be negotiated on a slow case-by-case basis.

Suggested Citation

  • Diwan, Ishac; Wei, Shang-Jin, 2022. "China''s Developing Countries Debt Problem: Options for win-win solutions," FDL Policy Notes 2204, CEPREMAP.
    • Handle: RePEc:cpm:notfdl:2204
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    References listed on IDEAS

    as
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