At the International Monetary Fund and World Bank Annual Meetings held from 15 to 17 October 2025, People's Bank of China Deputy Governor Xuan Changneng participated in forums including the Global Sovereign Debt Roundtable and the International Institute of Finance Custody Committee annual meeting, highlighting growing liquidity pressures on developing countries and calling for greater multilateral cooperation to address them. Xuan linked weaker global growth to trade frictions and geopolitical uncertainty, and said debt-servicing burdens in developing countries have intensified. He pointed to China's participation in debt restructurings under and beyond the Group of Twenty Common Framework for Debt Treatments, and called for improvements to the global sovereign debt governance system, including enhancements to the IMF and World Bank low-income country debt sustainability analysis framework. The IMF and World Bank were also urged to support debtor countries in strengthening public debt management and economic governance, and to help mobilise additional investment and financing to build output capacity and support sustainable development. During the meetings, he also met Financial Action Task Force President De Anda and Central Bank of Barbados Governor Greenwich to exchange views on deepening practical cooperation with the FATF and Barbados.
Central Bank of the Republic of China 2025-10-21
People's Bank of China deputy governor urges multilateral support for developing-country liquidity and reforms to IMF World Bank debt analysis
At the IMF and World Bank Annual Meetings, People's Bank of China Deputy Governor Xuan Changneng highlighted liquidity pressures on developing countries and advocated for enhanced multilateral cooperation. He linked these challenges to trade frictions and geopolitical uncertainty, urging improvements in global sovereign debt governance and support for debtor countries. Xuan also discussed cooperation with the Financial Action Task Force and the Central Bank of Barbados.