IMF to Meet With China, India and Paris Club for Debt Relief Talks

Cargo trucks carrying construction material outside the Deendayal Port Authority in Kandla, India, on Sept. 8. Photo: Bloomberg

(Bloomberg) — The International Monetary Fund, World Bank and India will host an inaugural meeting to deal with global debt issues Friday, bringing together creditors including China with borrowing countries to try to hash out solutions for nations with unsustainable debt levels.

Borrowing nations participating will include Ghana, Ethiopia and Zambia, according to people familiar with the plans for the so-called sovereign debt roundtable, who asked not to be identified discussing private talks.