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If the US stayed out of other countries politics and there were no coups or installation of people favorable to the US what would the world look like? (lemmy.world)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 3 months ago (1 children)

What do you mean by keeping write-offs from occurring?

[–] [email protected] 0 points 3 months ago (1 children)

A lot of times, the IMF will lead all creditors of a country to restructure, reduce, or reschedule existing debt. What is happening is that Chinese institutions appears to be less willing to write down bad debt, holding up a lot of negotiations between debt holders. So, the debt doesn't get reduced.

[–] [email protected] 1 points 3 months ago

Is this a bad thing somehow? I would think reducing debts is generally beneficial, especially in times of economic crisis.