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World Bank chief makes final appeal to China on developing nation debt

David Malpass urges Beijing, other parties to move faster toward agreement on relief

World Bank President David Malpass speaks with Nikkei on May 20 on the sidelines of the Group of Seven summit in Hiroshima, Japan. He will step down in June. (Photo by Kosuke Takami)

WASHINGTON -- World Bank President David Malpass has one last request for China as he prepares to step down in June: provide relief to countries that are suffering from mounting debt.

As a top lender, China needs to be "willing to come to an agreement that actually provides debt relief," but private-sector creditors also need to speed up, Malpass told Nikkei during the final weeks of his tenure.

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