HUANGSHAN, December 8—Today, World Bank Group President David Malpass met with People’s Bank of China Governor Yi Gang.
President Malpass and Governor Yi discussed the role of China in addressing unsustainable debt in developing countries and the need for improved debt transparency and comparability of treatment among official bilateral and private sector creditors in debt restructurings.
President Malpass and Governor Yi held good discussions on global macroeconomic concerns and the important role of monetary policy and stability of exchange rates for strong and sustainable growth and investment. President Malpass appreciated Governor Yi’s insights on the domestic financial and real estate sectors and plans to strengthen property rights and the business enabling environment.
