China, the biggest bilateral creditor to developing countries, needs to show it can operate within established international debt-relief processes for poor nations such as Zambia struggling to pay, the chief of the International Monetary Fund said.
“China has been very slow to recognize that multilateral debt restructuring requires China to play by the rules that are already established,” Managing Director Kristalina Georgieva said in a Bloomberg Television interview with Tom Keene Thursday. “Now is the time for China to demonstrate that they are capable of playing by these rules.”
Source : IMF Calls on China to Meet World Debt-Restructuring Standards