non-Paris club member

Ghana may seek to add non-Paris club member China in its request for debt relief under the G20 Common Framework. China is Ghana’s biggest bilateral creditor with $1.7 billion of debt, according to data from the International Institute of Finance. This is compared with $1.9 billion to Paris club members. Managing Director of the IMF, Kristalina Georgieva, confirmed that Ghana just became the fourth country to seek treatment under the Common Framework. This sent a signal that it is seen as an important pathway for debt resolution. The IMF boss added countries seeking debt restructuring under the Framework will need…