International Monetary Fund (IMF) Chief Kristalina Georgieva is holding China and other major creditors accountable for the growing debt problems of emerging markets and low-income countries. “My message to the large creditors, to China, the private sectors … the larger your share is, the bigger your responsibility,” Georgieva said at an event on Tuesday hosted by the Center for Global Development. A quarter of emerging markets and 60 percent of low-income countries are on the verge of a debt problem or have already fallen into one, she said, adding, “It is in your interest as creditors to prevent a problem from exploding.”
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