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IMF Lagarde says Belt and Road progressing but warns of debt risks

Reuters  |  BEIJING 

BEIJING (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Thursday China's Belt and Road initiative is showing signs of progress but warned of potential debt risks for partner countries involved in joint projects.One challenge is to ensure that Belt and Road only travels where it is needed, and the second is to focus on sound fiscal policies, Lagarde said in prepared comments in a speech at a Belt and Road conference in Beijing on Thursday."Fortunately, we know that China's leadership is aware of these potential risks - as well as the proven strategies that ...

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First Published: Thu, April 12 2018. 09:57 IST
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