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US should link China's power in IMF to support for debt relief: Former US official

WASHINGTON - The US should demand that China support debt restructuring for struggling poor and middle-income countries as a condition of changes to the International Monetary Fund's shareholding formula, a former senior US Treasury development expert said on Wednesday (Oct 4). Nancy Lee, a former deputy assistant Treasury secretary who works at the Center for Global Development think tank, told...
United States Nancy Lee Janet Yellen Jay Shambaugh International Monetary Fund Global Development

US should link China's power in IMF to support for debt relief- former US official

The U.S. should demand that China support debt restructuring for struggling poor and middle-income countries as a condition of changes to the International Monetary Fund's shareholding formula, a former senior U.S. Treasury development expert said on Wednesday. Nancy Lee, a former deputy assistant Treasury secretary who works at the Center for Global Development think tank, told reporters it was "reasonable" to insist that any country getting a bigger quota, or shareholding, in...
United States Andrea Ricci Janet Yellen Nancy Lee Jay Shambaugh David Lawder
Source: yahoo.com

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