BENGALURU: Finance leaders from the world's biggest economies were unable to resolve differences on Saturday (Feb 25) over the war in Ukraine and inched forward on moves to restructure distressed nations' debt, people familiar with the discussions said. The meeting of finance ministers and central bank chi
Besides the G7 nations, the G20 bloc also includes such countries as Australia, Brazil and Saudi Arabia.
India's foreign, finance and information ministries did not immediately respond to requests seeking comment.On the sidelines, the International Monetary Fund held a meeting on Saturday with the World Bank, China, India, Saudi Arabia and the G7 on restructuring debt for distressed economies, but there were disagreements among members, said IMF Managing Director Kristalina Georgieva.
Pressure has been building on China, the world's largest bilateral creditor, and other nations to take a large haircut in loans given to struggling developing nations.
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