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An influential group of students and finance leaders within the U.S. appealed for a brand new “international consensus” on debt transparency in growing nations and described China’s involvement as “essential.”
The Bretton Woods Committee stated in a report revealed on Monday that creating a standard, international normal for debt transparency is important if rising market economies are going to rebound from the COVID-19 induced financial downturn. “A broadly accepted and constant data base relating to current debt obligations is a foundational requirement for profitable systemic reform,” the group stated.
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