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Yellen says ‘concerned’ debt relief could aid Chinese lenders – Bangkok Post

published : 11 Jun 2021 at 07:45

writer: AFP

US Treasury Secretary Janet Yellen has supported efforts to provide debt relief to poor countries.
US Treasury Secretary Janet Yellen has supported efforts to provide debt relief to poor countries.

WASHINGTON: US Treasury Secretary Janet Yellen said Tuesday she was concerned that Chinese lenders could benefit from an international debt relief initiative aimed at poor countries.

In April, G20 countries including the United States agreed to extend until December a moratorium on debt interest payments for the poorest nations, amid fears they will lag behind in the global recovery from the coronavirus pandemic.

Chinese financial institutions are among the top lenders to lower-income countries, and Yellen told a House Appropriations subcommittee that she aims to ensure the relief — mea…

Read the full article at: https://www.bangkokpost.com/business/2130735/yellen-says-concerned-debt-relief-could-aid-chinese-lenders

Category: Debt HelpBy Insolvency GuardianJune 11, 2021

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Yellen says ‘concerned’ debt relief could aid Chinese lenders – Bangkok Post

published : 11 Jun 2021 at 07:45

writer: AFP

US Treasury Secretary Janet Yellen has supported efforts to provide debt relief to poor countries.
US Treasury Secretary Janet Yellen has supported efforts to provide debt relief to poor countries.

WASHINGTON: US Treasury Secretary Janet Yellen said Tuesday she was concerned that Chinese lenders could benefit from an international debt relief initiative aimed at poor countries.

In April, G20 countries including the United States agreed to extend until December a moratorium on debt interest payments for the poorest nations, amid fears they will lag behind in the global recovery from the coronavirus pandemic.

Chinese financial institutions are among the top lenders to lower-income countries, and Yellen told a House Appropriations subcommittee that she aims to ensure the relief — mea…

Read the full article at: https://www.bangkokpost.com/world/2130735/yellen-says-concerned-debt-relief-could-aid-chinese-lenders

Category: Debt HelpBy Insolvency GuardianJune 11, 2021

Post navigation

PreviousPrevious post:The Law Society publishes fourth edition of Insolvency Law Handbook – Credit StrategyNextNext post:Carer racked up gambling debts and swindled over £3,000 in travel costs at hospital – Teesside Live

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May 16, 2025
Over 134K LACo Residents Receive Notice for Incoming Medical Debt Relief
May 16, 2025
Over 134K LA County Residents to Receive Medical Debt Relief
May 16, 2025
Nigeria repays US$3.4 billion debt support to IMF
May 16, 2025
SCVNews.com | L.A. County Residents Will Receive Notices for Medical Debt Relief
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