JOHANNESBURG, March 27 (Reuters) - Multilateral
development banks that are relucant to offer debt relief need to
shoulder an 'equitable burden' in sovereign debt restructurings,
a People's Bank of China official said on Monday.
Jin Zhongxia, the director general of the central bank's
international department, said in an online conference that
institutions such as the World Bank and International Monetary
Fund cite their credit ratings as a reason for not restructuring
debt. However, Chinese lenders such as the Export-Import Bank of
China and China Development Bank share this concern and argue
this should be "equitable for them", Jin added.
He also said that removing "productive assets" investments
from debt stock calculations in debt restructuring situations
"should be encouraged".
(Reporting by Rachel Savage, editing by Karin Strohecker)
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