China, India, US to attend sovereign debt roundtable meeting on Friday

The International Monetary Fund will co-chair with the World Bank and India a roundtable meeting on Friday to find a solution to the sovereign debt crises of countries such as Sri Lanka. 

Officials from China, India, Saudi Arabia and Group of Seven nations, including the United States,  will participate in the meeting, the first of its kind, the Reuter news agency wuoted IMF sources as saying. 

The roundtable will also include officials from countries that have requested debt treatments under the Group of 20 common framework - Ethiopia, Zambia and Ghana - as well as middle-income countries such as Sri Lanka, Suriname and Ecuador, which have faced their own debt crises.

The meeting comes a week before G20 finance officials are due to gather in Bengaluru, India, from Feb. 23-25. An in-person meeting of the roundtable expected on Feb. 25 and a formal launch is planned at the IMF-World Bank spring meetings in April.

Brazil, which will lead the G20 next year, is also taking part.