Undisclosed debt from China jeopardizes sustainability of developing countries' finances.
Non-Paris Club creditors, like China, have been lending money to lower-income countries secretly. This hidden debt makes it harder for traditional creditors to get their money back. If this secret debt was made public, it would help the borrowing countries but hurt their ability to pay back debts. This type of lending changes how we think about countries borrowing money and what happens if they can't pay it back.