It doesn’t make sense for China to ask multilaterals to share debt losses – World Bank President

The President of the World Bank Group, David Malpass, has said that China’s insistence that multilateral lenders such as the bank and the International Monetary Fund (IMF) to share losses from ongoing debt restructuring “does not make sense.”

Mr Malpass made the comment during a press conference at the ongoing World Bank/IMF Spring Meetings in Washington D.C., USA, reports Maxwell Akalaare Adombila.

China’s request for the multilaterals to share losses have delayed debt restructuring talks in Zambia and Ghana, where bailout requests to salvage the economies have dragged.