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.

How has China's response to allegations about debt restructuring been characterized?

What are the geopolitical challenges mentioned in relation to providing aid to poorer nations?