off-the-wire

Yellen says China should delay some debt demands, move faster on restructurings

Kitco Media
By Reuters
Published:
Updated:
Reuters

WASHINGTON, Feb 9 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday that she wants China to move more quickly to support specific debt restructurings for developing countries, especially for Zambia, while leaving broader debt restructuring questions to separate talks.

Yellen told an event at the Center for Strategic and International Studies said that China has held up restructurings because Beijing has demanded that the World Bank, International Monetary Fund and other institutions also participate in reducing debts for distressed countries.

Reporting by David Lawder
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