China's Role in the Politics of Debt Relief

Intensifying financial distress in developing economies is increasing the risk of economic and political instability and creating more pressure for China to engage in debt relief negotiations. Signs of financial distress are particularly pronounced in lower-income countries, such as Ghana, even though several middle-income countries, such as Sri Lanka, have also been affected. A large number of countries, including Bangladesh, Ghana, Pakistan and even Serbia, have in recent months requested financial assistance from the International Monetary Fund....