China, a major lender to debt-laden countries such as Sri Lanka and Pakistan, is mired in disputes with multilateral banks over which parties should take the lead in restructuring sovereign debt. Chinese Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations “in a constructive manner,” China Central Television reported. The IMF is considering approving a Sri Lanka bailout without the formal assurance of debt-restructuring support from Beijing. What is your take on IMF stands ?
