China Eases Debt-Relief Stance in Hint of Talks Progress

The IMF warns of rising global debt, particularly in the US and China, which could reach pandemic levels within five years. Discussions at IMF and World Bank meetings focus on unlocking aid for defaulted nations like Zambia, with China demanding multilateral banks share losses in debt restructuring. While China shows signs of softening its stance, a major breakthrough remains uncertain due to geopolitical and diplomatic complexities.

What is the IMF's main concern regarding global debt levels?

• The increase in debt in developing countries

• The reduction in fiscal buffers

• The rising debt levels in the United States and China

• The decrease in global GDP

Which countries are primarily involved in the talks to provide aid to poorer nations?

• United States and India

• China and Zambia

• United States and China

• India and Zambia

What is China's demand in the debt restructuring talks?

• That multilateral development banks take no losses

• That only China takes losses

• That multilateral development banks take as much of a haircut as China

• That the World Bank provides high-interest loans

What is the main obstacle in achieving a breakthrough in the debt talks?

• China's unclear position on debt restructuring

• The lack of involvement from the United States

• The absence of multilateral development banks

• The refusal of poorer nations to negotiate

What principle does China emphasize for solving the debt problem?

• Individual action and burden

• Joint action and fair burden

• Exclusive action by China

• No action required