PBoC deputy says Iran war has worsened EMEs’ debt burden
Xuan Changneng calls for better global sovereign debt frameworks
A deputy governor of the People’s Bank of China has said the conflict in the Middle East is exacerbating the debt burdens of emerging market economies and has called for a global response to the issue.
According to a PBoC statement issued on April 22, Xuan Changneng told a ministerial level meeting of the World Bank’s Global Sovereign Debt Roundtable in Washington last week that the war had increased inflation expectations and financing costs globally. He added that the situation had made
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