Vice Governor of the People's Bank of China, Xuan Changneng, attended the Global Sovereign Debt Roundtable and other meetings, and met with officials from relevant institutions

From April 15 to 17, 2026, during the Spring Meetings of the International Monetary Fund and the World Bank, Vice Governor of the People’s Bank of China, Xuan Changneng, attended the Global Sovereign Debt Roundtable, the Ministerial-Level Meeting of the Financial Action Task Force, and other meetings.
During the Global Sovereign Debt Roundtable, Xuan Changneng stated that recent Middle East developments have pushed up global inflation expectations, increased financing costs, and further burdened the debt repayment of developing countries.
All parties should strengthen multilateral cooperation, adhere to the principle of “joint action and fair sharing,” and promote private sector participation in restructuring on a comparable basis.
All parties should work to improve the global sovereign debt governance system, support developing countries in resolving debt issues during development, and improve the International Monetary Fund and World Bank’s framework for analyzing debt sustainability in low-income countries.
(People’s Bank of China)