Central Bank of the Republic of China vice governor urges comparable private-sector participation in sovereign debt restructurings and stronger AML/CFT coordination

The Central Bank of the Republic of China published a readout of Vice Governor Xuan Changneng’s participation in the International Monetary Fund and World Bank Spring Meetings held from 15 to 17 April 2026, including the Global Sovereign Debt Roundtable and the Financial Action Task Force (FATF) ministerial meeting. At the sovereign debt roundtable, Xuan linked recent Middle East tensions to higher global inflation expectations and financing costs, which he said have further increased developing countries’ debt-servicing burdens. He called for stronger multilateral cooperation under the principles of “common action” and “fair burden”, and for the private sector to participate in restructurings on a comparable basis, alongside efforts to improve global sovereign debt governance and refine the IMF and World Bank debt sustainability analysis framework for low-income countries. At the FATF ministerial, he highlighted ongoing threats from money laundering and terrorist financing and urged FATF to maintain its role as a technical forum while promoting closer coordination among governments and between the public and private sectors. The readout also notes bilateral meetings with senior counterparts from the French central bank, the Bank of England, and the Reserve Bank of Australia, as well as leaders from the Investment Company Institute and Citigroup, covering the global economic outlook and bilateral cooperation.