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On China Inner City Press Asks IMF of Debt Collection and Zambia CCRT Is Response

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - The Source

NEW YORK, SDNY, May 21 – When the International Monetary Fund held its biweekly embargoed media briefing on May 21, Inner City Press submitted questions including on China and Zambia, which IMF Spokesperson Gerry Rice answered.

   Inner City Press asked, "what is the IMF's prognosis and advice in large debts to China and whether China can or should collect them at this time? Does the IMF know the terms of China's forbearance, for example, with the Kyrgyz Republic?"

    IMF spokesperson Rice said, Matthew Lee in New York, thank you for the question... We welcome China's support to the CCRT [the Catastrophe Containment And Relief Trust].

 He did not directly answer about Kyrgyzstan, but also read out Inner City Press' question on Zambia:

"On Zambia, what is the status of talks and does the country's level of debt make it impossible or less likely to receive an IMF facility? Zambia's Fin Min says it has applied to the IMF  for a COVID-19-related rapid credit facility; its external debt stock jumped to 45% of gross domestic product (GDP) in 2019, up from 37% in the previous year."

    Rice said Zambia has spoken of restructuring its debt; he used the phrase "a way can be found." Does it involve China? At least the IMF answers Press questions about China. We'll have more on this - watch this site. 


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