US, China are still committed to global debt efforts, IMF strategy chief says

Core Insights - The Global Sovereign Debt Roundtable will address the lack of transparency regarding bank loans affecting debt restructuring in developing countries [1] - The participation of the U.S. and China in the roundtable indicates their commitment to tackling high debt levels in developing nations [2] - Progress has been made in official debt restructurings, but challenges remain with non-bonded debt [3][4] Transparency Concerns - Transparency regarding non-bonded debt holdings is a shared concern among officials, with a push for debtors to publish more data [4] - Some countries have completed debt restructurings but still face issues with bank exposures that hinder credit rating improvements [4][5] Global Debt Context - Global debt is at record levels, yet many emerging markets have reduced their debt-to-GDP ratios, although they still struggle with high debt service payments [7] - The G20 is expected to release a statement on debt issues, reflecting ongoing discussions initiated during the COVID pandemic [6]