US and China cooperate on something: seeking way out of emerging country debt to avoid wave of sovereign defaults
Norbolsa| One of the most important signs of cooperation we have seen in recent times is the ongoing talks between the US and China to find a way out of the debt of impoverished countries and avoid a wave of sovereign defaults. The talks, which include ways to pre-emptively extend loan periods before countries default, are generally aimed at easing poor countries’ annual debt service burden of more than $400…
