Dear Friends,

Attached is a Reuters op-ed I wrote with Stuart Macintosh about the need for China to be more transparent and flexible on restructuring the loans it has made to emerging market countries.  Unlike in past sovereign debt crisis, China is now a major creditor nation to these markets, particularly through it’s One Belt One Road lending initiative.  As part of this process it also needs to join the Paris Club.

I look forward to any comments you might have.