US Calls on China and Others to Address Developing Nations' Generational Debt Crises

• US urges major creditors to address developing nations' "generational" debt challenges, calls out China as biggest emerging market lender • Over 40 countries now see negative net debt flows from China; US seeks cooperation on shared global debt issues • US Treasury official slams creditors "free-riding" by pulling funds from countries implementing IMF programs • More than 50 low- and middle-income countries had net debt outflows in 2021-2022, a nearly 20-year high • Remarks come ahead of IMF/World Bank meetings where developing nations' debt burden will be a top issue