Lee declared that she shared the opinions held by Jay Shambaugh

Former US official: “US should tie China’s influence in IMF to support for debt relief.”

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A former senior U.S. Treasury development adviser said on Wednesday that as a condition of modifications to the International Monetary Fund’s shareholding formula, the U.S. should insist that China fund debt restructuring for struggling poor and middle-income nations. According to Nancy Lee, a former deputy assistant Treasury secretary who now works for the Centre for … Read more

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