From the article:
Overall, the challenges of addressing debt distress in developing economies have grown more complex, reflecting a broader array of creditors and forms of finance, according to Scott Morris, a senior fellow at the Centre for Global Development think tank in Washington.
“So, the struggles we are seeing right now in the G20 were probably inevitable,” Morris said.
“China factors heavily into the discussions because the Chinese government is, by far, the largest government creditor, eclipsing all the G7 governments and other emerging government creditors.”
