The U S -China Rivalry Is Complicating the World s Debt Crisis nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
The IMF and its most influential participant, the United States, also wanted something else: They were adamant that Chinese creditors restructure $545 million in debt - loans Suriname had used to build roads and housing.
This episode of The Weekly Tradecast looks at debt – what it is, how it works and why it matters – with economist Daniel Munevar from UNCTAD’s debt and development finance branch.
“While Washington and the allied governments, the IMF and the World Bank pretend to be very generous, they are in fact increasing Ukraine's debt and seek to take advantage of the situation created by the Russian invasion and the ongoing war.”