Visits to Zambia by Yellen, IMF reflect concern over stalled debt talks

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Two of the world's most powerful finance officials are visiting Zambia this week, a reflection of the growing concern shared by Western officials about how China and other creditors are handling the African country's debt.

nearly two years, but progress has been glacial at best, despite increasingly urgent appeals to China and private sector creditors to reach a deal.

While the overlap was coincidental, the two will meet informally while in Lusaka, a Treasury official said. Georgieva and Yellen will both participate when the roundtable meets for the first time in India next month on the sidelines of the Group of 20 finance officials. The specific date and guest list are still being worked out.

Former senior Treasury official Mark Sobel said the roundtable could bring parties together for talks but it remained unclear if it would deliver results.

 

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Chinese debt is of great concern. Hope they can be tagged along during these visits.

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