Japan’s Finance Minister Taro Aso voiced support for China to join the Paris Club of Lenders, an informal group of 20 countries that helps resolve countries’ debt problems through loans, Bloomberg reported. The Paris Club now has US$583 billion on loan to 90 debtor countries, according to its website. “Regarding China and Korea joining the Paris Club, we would welcome that if they wanted to join,” Aso told reporters at the conclusion of G-20 talks on Saturday in Shanghai. “It’s a club of creditors, so it would be good. That doesn’t mean we should lower the conditions, but that they should join under the current conditions.”
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved