Yellen says China should move faster on some debt restructurings

WASHINGTON (Reuters) -- U.S. Treasury Secretary Janet Yellen said on Thursday that she wants China to move more quickly to support specific debt restructuring for developing countries, especially for Zambia, while leaving broader restructuring questions to separate talks.

Yellen told an event at the Center for Strategic and International Studies in Washington that China has held up restructurings because Beijing has demanded that the World Bank, International Monetary Fund and other institutions also participate in reducing debts for distressed countries.