Israel's Fischer on The Paris Club at Fifty

In the speech 'The Paris Club at Fifty' given on 14 June Stanley Fischer of the Bank of Israel said the Paris Club has become concerned that countries that have received debt relief are borrowing heavily from other official lenders, who are not members of the Club, notably China.

"The concerns here are that countries may be taking on more debt than is wise, and that in the event the global financial situation changes, future debt restructurings will be much more difficult than those of the past."

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