G20 agrees on debt relief
1 year, 9 months ago

G20 agrees on debt relief

Deccan Chronicle  

NEW DELHI: Despite having some differences over the wording of the Russia-Ukraine war in the summary after the first G20 meeting of the Finance Ministers and Central Bank Governors under India’s presidency, Union finance minister Nirmala Sitharaman on Sunday said that the G20 nations have agreed on language to deal with the debt vulnerabilities of developing countries. Vulnerable nations are looking at G20 nations to relieve the debt stress,” Sitharaman said, adding that four countries —Ghana, Sri Lanka, Zambia and Ethiopia — would benefit from the discussions. Sitharaman further said that one of the successes of the first FMCBG meeting of the G20 India Presidency was to “arrive at a common position on debt language”. “So after so much negotiation, if we could arrive at a common position on a language on dealing with debt relief, I think the G20 is now standing up to meet the challenges of debt stress which many countries are facing,” the finance minister said.

Debt Countries G20 Agrees  debt  position  finance  language  fmcbg  minister  g20  agrees  countries  stress  nations  relief

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G20 has will, capacity and determination to address global challenges: S African finance minister
1 week, 3 days ago

G20 has will, capacity and determination to address global challenges: S African finance minister

ABP News  

Johannesburg, Dec 14 : G20 countries have the will, capacity and determination to address the formidable global challenges ahead, South African Finance Minister Enoch Godongwana has said here. But the G20 has the will, capacity and determination to address them," Godongwana said as he added that this was captured in the theme of South Africa's G20 Presidency -- 'Solidarity, Equality …

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4 weeks ago

Do we still need the G20?

China Daily  

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1 month ago

South Africa expects G20 to facilitate cooperation

China Daily  

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South Africa expects G20 to facilitate cooperation
1 month ago

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China Daily  

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Why the G-20 ‘Common Framework’ for Debt Relief Isn’t Helping Poor Nations
8 months, 2 weeks ago

Why the G-20 ‘Common Framework’ for Debt Relief Isn’t Helping Poor Nations

Bloomberg  

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Business News Live Updates Stock Market G20 Summit New Delhi IMF World Bank India-Middle East-Europe Economic Corridor Biofuel
1 year, 3 months ago

Business News Live Updates Stock Market G20 Summit New Delhi IMF World Bank India-Middle East-Europe Economic Corridor Biofuel

ABP News  

Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. G20 leaders despite the challenges concerning the Russia-Ukraine war, adopted the Joint Declaration at the New Delhi G20 Summit on Saturday. On global debt vulnerabilities, G20 leaders convened in New Delhi and reaffirmed their position, which is consistent with the statements made in Bali last year. Sitharaman said, …

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1 year, 3 months ago

India credits emerging economies for G20 breakthrough

Live Mint  

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G20 Countries Signed Agreement To Collectively Boost MDBs Financing Capacity: FM Nirmala Sitharaman
1 year, 3 months ago

G20 Countries Signed Agreement To Collectively Boost MDBs Financing Capacity: FM Nirmala Sitharaman

ABP News  

Finance Minister Nirmala Sitharaman on Saturday said the G20 countries have signed an agreement to collectively work to boost the World Bank's financing capacity. Following the second session of the G20 Leadership Summit in Delhi, a Press briefing by Union Minister Nirmala Sitharaman and S. Jaishankar was held. Finance Minister Nirmala Sitharaman highlighted four key developments related to reforming international …

G20 summit kicks off; leaders begin deliberations on pressing challenges facing globe
1 year, 3 months ago

G20 summit kicks off; leaders begin deliberations on pressing challenges facing globe

Deccan Chronicle  

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G20: On climate, debt and digital, Bank and Fund pledge to work together
1 year, 3 months ago

G20: On climate, debt and digital, Bank and Fund pledge to work together

Hindustan Times  

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G20 Summit 2023: What will be discussed by World Leaders during the mega event
1 year, 3 months ago

G20 Summit 2023: What will be discussed by World Leaders during the mega event

Live Mint  

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G20 Summit: IMF, FSB Propose Crypto Regulation Framework
1 year, 3 months ago

G20 Summit: IMF, FSB Propose Crypto Regulation Framework

ABP News  

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1 year, 3 months ago

G20 could pave way for crypto regulation, financial inclusion push

The Hindu  

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G20 Summit: ‘We should address the question of debt distress,’ says Sitharaman
1 year, 3 months ago

G20 Summit: ‘We should address the question of debt distress,’ says Sitharaman

Live Mint  

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1 year, 4 months ago

Reducing debt during crises through multilateral groupings

Hindustan Times  

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1 year, 4 months ago

Finance minister calls for concerted global efforts to restructure debt for poor countries

India TV News  

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1 year, 4 months ago

Increasing G20 cooperation on debt and investment in Africa

Hindustan Times  

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Along with Japan and India, China can join debt relief effort for Sri Lanka: Nirmala Sitharaman
1 year, 4 months ago

Along with Japan and India, China can join debt relief effort for Sri Lanka: Nirmala Sitharaman

The Hindu  

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1 year, 5 months ago

G20’s response to debt distress: The case of Sri Lanka

Hindustan Times  

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1 year, 5 months ago

Nirmala Sitharaman meets Chinese counterpart, discusses global debt vulnerabilities

The Hindu  

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1 year, 5 months ago

India focusing on economic growth, climate action: G20 Sherpa Amitabh Kant

Hindustan Times  

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G20 finance chiefs meeting in India address global challenges like climate change and rising debt
1 year, 5 months ago

G20 finance chiefs meeting in India address global challenges like climate change and rising debt

Associated Press  

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G20 FMCBG meet at Gandhinagar | India 'indispensable partner' for friend-shoring, says U.S. Treasury Secretary Janet Yellen
1 year, 5 months ago

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The Hindu  

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G20 Summit in India opportunity to act on reforming global financial system amid crushing debt crisis: U.N. chief Guterres
1 year, 5 months ago

G20 Summit in India opportunity to act on reforming global financial system amid crushing debt crisis: U.N. chief Guterres

The Hindu  

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1 year, 5 months ago

Is a global debt bomb about to explode?

Al Jazeera  

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Progress on crucial G20 finance issues: Nirmala
1 year, 8 months ago

Progress on crucial G20 finance issues: Nirmala

Hindustan Times  

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Debt crisis key priority of India’s G20 presidency, says FM in US
1 year, 8 months ago

Debt crisis key priority of India’s G20 presidency, says FM in US

Hindustan Times  

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India G20 presidency aims to develop common framework to deal with crypto risks: FM Nirmala Sitharaman
1 year, 8 months ago

India G20 presidency aims to develop common framework to deal with crypto risks: FM Nirmala Sitharaman

The Hindu  

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Nirmala Sitharaman urges G20 to come together on debt distress of middle-income countries
1 year, 8 months ago

Nirmala Sitharaman urges G20 to come together on debt distress of middle-income countries

The Hindu  

Ahead of the G20 Finance Ministers and Central Bank Governors meeting on April 12 and 13, Finance Minister Nirmala Sitharaman expressed hope that the group could come together to address the debt distress of middle-income countries. While there could be “one or two” issues on which consensus is not possible, the Finance Minister said India’s presidency “is a great opportunity …

G20 countries see inflation being sticky, to remain on track with monetary tightening: CEA
1 year, 8 months ago

G20 countries see inflation being sticky, to remain on track with monetary tightening: CEA

The Hindu  

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1 year, 9 months ago

The G20 could help fix Sri Lanka’s debt crisis. Will it step up?

Al Jazeera  

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Hyd-G20 meeting on financial inclusion ends
1 year, 9 months ago

Hyd-G20 meeting on financial inclusion ends

Deccan Chronicle  

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India to bridge digital divide
1 year, 9 months ago

India to bridge digital divide

Deccan Chronicle  

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At G20 meeting, India’s Modi says ‘global governance has failed’
1 year, 9 months ago

At G20 meeting, India’s Modi says ‘global governance has failed’

Al Jazeera  

Indian leader calls on bloc to find common ground on global issues as he inaugurates the meeting set to be dominated by Ukraine war. Speaking at the opening of the Group of 20 foreign ministers’ meeting in New Delhi on Thursday, Modi said that countries should acknowledge that multilateralism is currently “in crisis”. French Foreign Minister Catherine Colonna also said …

India's G20 Summit: What Global Governance Dilemma Means for Modi's Leadership
1 year, 9 months ago

India's G20 Summit: What Global Governance Dilemma Means for Modi's Leadership

The Quint  

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Ukraine war is exacerbating fragilities in the global economy: G20 Ministers
1 year, 9 months ago

Ukraine war is exacerbating fragilities in the global economy: G20 Ministers

The Hindu  

At a meeting of G20 Finance Ministers and Central Bank Governors on Saturday in Bengaluru, most members called for a “complete and unconditional withdrawal” of the Russian forces from Ukrainian territory. “Most members strongly condemned the war in Ukraine and stressed that it is causing immense human suffering and exacerbating existing fragilities in the global economy — constraining growth, increasing …

Nirmala Sitharaman flags need for common understanding of debt challenges
1 year, 9 months ago

Nirmala Sitharaman flags need for common understanding of debt challenges

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Saturday flagged the need for a common global understanding of challenges related to sovereign debt as world leaders gathered in Bengaluru for a G20 meeting discussing debt sustainability. Nirmala Sitharaman co-chaired a roundtable on debt on the sidelines of the G20 meeting of finance ministers and central bank governors, along with IMF managing …

G20 finance chiefs differ on debt, Russia-Ukraine war
1 year, 9 months ago

G20 finance chiefs differ on debt, Russia-Ukraine war

Firstpost  

Bengaluru: Finance leaders of the world’s biggest economies were entangled in differences on Saturday over the war in Ukraine and on resolving the debt burden of distressed developing nations, participants said. 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, …

Debt load may pose threat to nations: PM
1 year, 9 months ago

Debt load may pose threat to nations: PM

Live Mint  

Prime Minister Narendra Modi cautioned on Friday that unsustainable debt levels posed a threat to the financial stability of nations and called upon G20 finance ministers and central bank governors to work towards restoring stability, confidence, and growth to the global economy. International Monetary Fund managing director Kristalina Georgieva said on Thursday that the IMF, World Bank and India’s G20 …

India’s Modi asks G20 finance heads to focus on ‘most vulnerable’
1 year, 10 months ago

India’s Modi asks G20 finance heads to focus on ‘most vulnerable’

Al Jazeera  

Financial viability of many countries is being threatened by unsustainable debt, Indian PM says, as two-day G20 meeting begins in Bengaluru. Policymakers of the Group of 20 leading economies should focus on helping the world’s most vulnerable people, India’s Prime Minister Narendra Modi has said as top-level financial talks kick off near the Indian technology hub of Bengaluru. “You represent …

India likely to propose expert G20 group for World Bank reforms: Report
1 year, 10 months ago

India likely to propose expert G20 group for World Bank reforms: Report

Live Mint  

India is likely to propose forming an expert G20 group to look into reforms at the World Bank and to increase the lending capacity of the institution for climate financing in middle and low income countries, three sources told Reuters. The development comes as World Bank President David Malpass held a discussion with Finance Minister Nirmala Sitharaman on Wednesday on …

G-20 finance chiefs to tackle global economic threats
1 year, 10 months ago

G-20 finance chiefs to tackle global economic threats

Associated Press  

BENGALURU, India — Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru this week to tackle myriad challenges to global growth and stability, including stubbornly high inflation and surging debt. This week’s gathering of finance ministers and central bank governors takes place just a year after Russia invaded Ukraine, …

The G20 must help resolve debt crisis across the world
1 year, 10 months ago

The G20 must help resolve debt crisis across the world

Live Mint  

Debt distress is not merely a macroeconomic problem. As India has assumed the G20 presidency at an uncertain time for the global economy, addressing debt distress, initiating action and devising a coordinated framework for relief would be daunting endeavour.The G20 in 2020 launched a Common Framework which brought creditors such as China and India, along with the IMF, the Paris …

A G20 presidency to amplify South Asia’s voice
1 year, 11 months ago

A G20 presidency to amplify South Asia’s voice

The Hindu  

At a time of both potential and peril, India has taken over the G20 presidency. India has an opportunity to effectively voice the socio-economic aspirations of South Asia’s 1.8 billion people, representing one-third of the global poor and as also one of the world’s fastest growing markets. As South Asia’s largest country with the largest economy and significant global clout, …

After covid-19, now a pandemic of debt
1 year, 11 months ago

After covid-19, now a pandemic of debt

Live Mint  

The covid-19 pandemic increased low- and middle-income countries’ debt levels to a 50-year high. For low-income countries, the ratio of multilateral debt to total external debt has been around 36.5% over the past decade, compared to 8% for middle-income countries, which depend heavily on costlier private-sector financing. Before covid-19, the main body providing debt relief to low- and middle-income countries …

G20 under India's presidency can make concrete progress in debt relief, crypto, climate finance: Gita Gopinath
2 years ago

G20 under India's presidency can make concrete progress in debt relief, crypto, climate finance: Gita Gopinath

Firstpost  

India has assumed the G20 President from 1 December this year from Indonesia. For the first time, the country in 2023, the country will convene G20 Leaders’ Summit Washington: G-20, under India’s presidency, can make concrete progress on three critical areas: debt relief, regulations of crypto currency and climate finance, International Monetary Fund’s First Deputy Managing Director Gita Gopinath said. …

G20 Summit 2023 : Members support India’s finance priorities
2 years ago

G20 Summit 2023 : Members support India’s finance priorities

The Hindu  

The first G20 Finance and Central Bank Deputies meeting has received the support on the proposed priorities of India’s G20 Finance Track agenda for 2023, said Ajay Seth, Secretary, Department of Economic Affairs. The first G20 FCBD meeting is being held in Bengaluru between December 13 and 15, and Mr. Seth told reporters on Wednesday that overall, the meeting saw …

G20: How India Can Effectively Lead G20 In Post-Pandemic, Ukraine War Times - News18
2 years, 1 month ago

G20: How India Can Effectively Lead G20 In Post-Pandemic, Ukraine War Times - News18

News 18  

World leaders recently concluded the annual two-day G20 Summit, signalling the conclusion of Indonesia’s year-long presidency and the commencement of India’s journey as the next chair, only the fifth developing country to do so since its inception. THE ROAD AHEAD India, a founding member of the G20, has long contributed to the group’s deliberations on growing challenges, particularly those affecting …

Many challenges, says Nirmala Sitharaman, as India takes up G20 presidency
2 years, 2 months ago

Many challenges, says Nirmala Sitharaman, as India takes up G20 presidency

The Hindu  

India would be taking over the Group of Twenty presidency at “a time when there are so many challenges”, Finance Minister Nirmala Sitharaman has said. Ms. Sitharaman said that Indonesia, whose delegation was led this week by its Finance Minister Sri Mulyani Indrawati, had done its best and “remained calm” while trying to bring the group together. ED is ‘completely …

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