IMF Chief Georgieva mentioned that China stance on participating in debt restructuring appears to be shifting following increasing pressure from countries struggling to pay their debts. Over 70 low-income nations, including Zambia, Ethiopia, and Ghana, face a combined debt burden of USD 326 bln, with China being the largest creditor in many cases. During last month’s IMF and World Bank Spring Meetings, China softened its position on multilateral lenders taking losses on their debt, while the World Bank offered to increase low-interest loans and grants for countries in debt distress. That comes after a lack of cooperation among creditors was identified as a key issue at the Global Sovereign Debt Roundtable.