BENGALURU, India :G20 finance ministers and central bank governors will discuss debt troubles in developing economies, crypto currencies and global inflationary pressures at a meeting later this week, Indian officials said on Tuesday.The Feb. 22-25 meeting in the Nandi Hills summer retreat near Bengaluru is t
BENGALURU, India :G20 finance ministers and central bank governors will discuss debt troubles in developing economies, crypto currencies and global inflationary pressures at a meeting later this week, Indian officials said on Tuesday.
Unblocking debt restructuring for distressed economies and boosting aid for Ukraine is expected to take prominence at the meeting, where U.S. Treasury Secretary Janet Yellen is also expected to press China to"quickly deliver" on debt relief for low and middle income countries. Reuters reported last week that India is drafting a proposal for G20 countries to help debtor nations by asking lenders, including China, the world's largest sovereign creditor, to take a large haircut on loans.
"So the discussions would be aimed both at handling them before they arise and after they arise as well."
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