Eric LeCompte is quoted in Bloomberg as the G20 seeks to garner more support from China in coordinating on debt relief efforts. Read an excerpt below, and click here for the full story.
G-20 Looks to Deepen Debt Relief Drive With China’s Coordination
The effort aims to standardize the way official and commercial creditors rework sovereign debts, seeking similar rules for China and the Paris Club, a grouping of mostly western government creditors. Beijing has also clashed with private bondholders in recent restructurings.
“Attention has been on getting an agreement that China can get behind,” said Eric LeCompte, the executive director of Jubilee USA Network, a non-profit group that advocates for debt relief for smaller economies. “This has been a process to include China.”
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