China is the largest creditor to emerging-market countries, although it has never disclosed its total lending, which has drawn heavy criticism from the US government. Photo: Bloomberg
China is the largest creditor to emerging-market countries, although it has never disclosed its total lending, which has drawn heavy criticism from the US government. Photo: Bloomberg

China’s backing for global debt transparency crucial to contain Covid-induced stress in emerging markets

  • A global consensus must be developed around disclosure requirements for all sovereign lending, says Bretton Woods Committee
  • China is the largest creditor to emerging-market countries, where debt has been accelerating rapidly in recent years

China is the largest creditor to emerging-market countries, although it has never disclosed its total lending, which has drawn heavy criticism from the US government. Photo: Bloomberg
China is the largest creditor to emerging-market countries, although it has never disclosed its total lending, which has drawn heavy criticism from the US government. Photo: Bloomberg
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