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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

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