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

Diwan, Ishac; Wei, Shang-Jin

No 2204, FDL Policy Notes from CEPREMAP

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.

Keywords: China; developing countries; bilateral lending; debt restructuring; debt overhang (search for similar items in EconPapers)
Pages: 25 pages
Date: 2022-12
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Persistent link: https://EconPapers.repec.org/RePEc:cpm:notfdl:2204

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