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 Club and the private creditors to the negotiation table. The G20’s Debt Service Suspension Initiative was able to suspend $12.9 billion in debt-service payments owed by participant countries to their creditors between May 2020 and December 2021, by latest estimates. Nonetheless, the debt composition of these DSSI countries has changed in the last two decades, with multilateral debt obligations now accounting for about 48%, followed by Chinese debt, eurobonds, Paris Club lending and private lending. Under the G20’s aegis, India should provide leadership and help negotiate commitments to debt relief before this crisis worsens global economic conditions.

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History of this topic

‘Inflation, geopolitics key global economic hurdles’: Nirmala Sitharaman
1 week, 5 days ago

‘Inflation, geopolitics key global economic hurdles’: Nirmala Sitharaman

Hindustan Times  

NEW DELHI: The world’s immediate priority for this decade should be the restoration of normalcy to stem rising inflation, Union finance minister Nirmala Sitharaman said on Wednesday, listing equitable solutions for climate change, prudent debt management, industry-led skilling of youth, and coexistence of big and small firms as other decadal challenges for the global community. Detailing her priorities for a …

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  

More than half of the world’s low-income countries are at high risk of debt distress or are already in it, and several have defaulted. But despite the world’s 20 largest economies having agreed in 2020 to a plan called the Common Framework to smooth the process of restructuring loans that governments could no longer afford to service or repay, progress …

US Treasury official commends India's UPI system for cross-border payment leadership
1 year, 2 months ago

US Treasury official commends India's UPI system for cross-border payment leadership

India TV News  

In a speech at Harvard Law School, Jay Shambaugh, Under Secretary of the US Treasury for International Affairs, highlighted the role of India's Unified Payments Interface in advancing bilateral ties with nations like Singapore and the United Arab Emirates. Cross-border payment innovations gaining traction Shambaugh also noted that several ASEAN countries aspire to interlink their fast payment systems on a …

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, …

India credits emerging economies for G20 breakthrough
1 year, 3 months ago

India credits emerging economies for G20 breakthrough

Live Mint  

New Delhi: External affairs minister S Jaishankar on Saturday credited emerging economies for helping the G20 break a geopolitical deadlock over the Ukraine war. G20 member countries broke months of deadlock to reach consensus on a joint statement, christened the Delhi Declaration, during the Leaders’ summit on Saturday. During last year’s Bali Summit, the joint declaration stated that “most members” …

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  

New Delhi: Prime Minister Narendra Modi, US President Joe Biden and other top leaders of the world's wealthiest economies began deliberations on pressing global challenges at the G20 Summit here on Saturday under the shadow of the Ukraine war that has significantly fragmented the global geopolitical order. The leaders attending the summit include German Chancellor Olaf Scholz, French President Emmanuel …

G20 Summit: Geopolitical turbulence, a polarised world and India’s quest for diplomatic triumphs
1 year, 3 months ago

G20 Summit: Geopolitical turbulence, a polarised world and India’s quest for diplomatic triumphs

Firstpost  

No one at all is now unaware of the G20, not even the neighbourhood chaiwala. Post the Ukraine shock, growth is expected to be 2.2 per cent, with the Global South suffering the most due to a ‘perfect storm’ of inflation, high debt and the second shock of severe climate change. Check the outcome document of the ministers’ meet on …

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  

In the run-up to the G20 Leaders’ Summit in New Delhi this weekend, where the reform and strengthening of multilateral development banks is among the top agenda items, the International Monetary Fund and World Bank have warned that the world faces major challenges and shocks and pledged to work together to deliver on climate, debt and digitisation in a structured …

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  

The G20 Summit 2023 in Delhi will encompass discussions on a wide range of topics, reflecting the evolving global landscape and India's specific focus areas. India's specific focus areas for the G20 2023 Summit include: Green development, climate finance and LiFE: Commitment to addressing climate change, with an emphasis on climate finance, technology transfer, and equitable energy transitions. Accelerated, inclusive …

Absent Putin and Ukraine war cast long shadow over G20
1 year, 3 months ago

Absent Putin and Ukraine war cast long shadow over G20

The Hindu  

The leaders of Russia and China are skipping the G20 summit, but their absence — and rifts over the Ukraine war — will have a big influence on the proceedings. Russian President Vladimir Putin won’t be at the G20 Leaders' Summit, but he and the Russia-Ukraine war are likely to have a bigger effect on outcomes than even the lack …

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

G20 Summit: IMF, FSB Propose Crypto Regulation Framework

ABP News  

In what is anticipated to be a significant development during India's tenure as G20 president, participating nations have concurred on the establishment of a global framework for the regulation of cryptocurrency assets, according to sources cited by ANI. Under the stewardship of the Indian G20 presidency, the recommendation for a common framework addressing debt vulnerability issues has also been put …

G20 could pave way for crypto regulation, financial inclusion push
1 year, 3 months ago

G20 could pave way for crypto regulation, financial inclusion push

The Hindu  

India’s G20 presidency could leave a lasting legacy for the world’s financial architecture by paving the way for a global template to regulate crypto assets, steering a shake-up of multilateral development banks that could yield additional financing of $200 billion over eight years to help countries deal with emerging challenges, and advancing financial inclusion. India has brought the regulation of …

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  

As India is holding its presidency for the G20 Summit, Union Finance Minister Nirmala Sitharaman said that India given the consideration of things and developments across the world, addressing the question of debt distress is a must. Sitharaman said, “Given the consideration of things and the developments across the world, we thought we should address this question of debt distress. …

Finance minister calls for concerted global efforts to restructure debt for poor countries
1 year, 4 months ago

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

India TV News  

Finance Minister Nirmala Sitharaman on Friday called for concerted global efforts led by rich nations to help indebted countries deleverage at a time when multilaterism is the most potent challenge. Addressing online a G20 session, organised by the finance ministry and the Reserve Bank here, ahead of the grouping's summit next month in New Delhi, she said multilaterism faces the …

Increasing G20 cooperation on debt and investment in Africa
1 year, 4 months ago

Increasing G20 cooperation on debt and investment in Africa

Hindustan Times  

Africa’s long-standing and difficult history with international capital can be attributed to a complex set of factors, including historical legacies, structural adjustment programmes and, most recently, Chinese investment. While Africa’s hard-won credit market access had been hailed as the key to boosting the region’s growth and development, countries now face significant challenges in their relationship with international capital, with profound …

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  

As a large creditor to Sri Lanka, China is welcome to join the effort steered by Japan, India and France to help the island nation cope with its debt distress, Finance Minister Nirmala Sitharaman said on Saturday. Terming multilateral development banks’ reforms and debt-relief measures for many stressed economies as the top two finance track priorities for India during its …

G20’s response to debt distress: The case of Sri Lanka
1 year, 5 months ago

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

Hindustan Times  

With new challenges and changes in the world order, countries across the globe are embracing new partnerships and risky engagements to fuel their economic growth. The economic crisis in Sri Lanka illustrates this challenge of debt sustainability and management among middle-income countries. This brief uses the economic crisis in Sri Lanka as a case in point to highlight the following …

India focusing on economic growth, climate action: G20 Sherpa Amitabh Kant
1 year, 5 months ago

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

Hindustan Times  

India’s focus during negotiations on outcomes for the G20 Summit was on economic growth, climate action and digital transformation, as contentious issues such as the Ukraine crisis were put on the back burner, the country’s G20 Sherpa, Amitabh Kant, has said. India’s G20 Sherpa Amitabh Kant The draft leaders’ declaration is based on recommendations which emerged from India’s Voice of …

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  

NEW DELHI — Finance ministers from the Group of 20 nations meeting in India on Monday are poised to address critical global economic challenges, including the threats posed by climate change and rising debt among low-income countries. “The world is looking to the G20 to make progress on key challenges like climate change and pandemics as part of our work …

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

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

The Hindu  

United States Secretary of the Treasury Janet Yellen on July 16 said the U.S. sees India as an “indispensable partner” for ‘friend-shoring’ and she hopes to use her visit here to deepen what is already a significant relationship in that respect. Ms. Yellen said, “Friend-shoring is an important foundation of our approach to increasing resilience of our supply chains, and …

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  

U.N. Secretary-General Antonio Guterres has said that the G20 Summit to be hosted under India's Presidency provides an opportunity to take action on debt relief and reform the global financial system, as he voiced concern over the "crushing debt crisis" in the world. Mr. Guterres said that because most of these unsustainable debts are concentrated in poor countries, they are …

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

Progress on crucial G20 finance issues: Nirmala

Hindustan Times  

The G20 finance track has made progress on issues of debt distress, with China “positively engaged” in the process; the reform of multilateral development banks with “broad-based unanimity” on “proportionate” spending on poverty, prosperity and climate goals; and the need to have a global understanding on crypto regulation based on the recognition that their flows can affect macro-economic stability, finance …

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  

Washington: Reiterating that addressing the growing debt distress was a priority for India’s G20 presidency, Union finance minister Nirmala Sitharaman has emphasised debt transparency, information-sharing, clarity on the comparability of treatment, predictability and timeliness of restructuring process as key principles that should govern the process. Sitharaman made the remarks while co-chairing a meeting of the global sovereign debt roundtable along …

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  

Finance Minister Nirmala Sitharaman has said India’s G20 presidency aims to develop a common framework for all countries to deal with risks associated with cryptocurrencies in the wake of the recent shocks witnessed in the crypto market. She also said G20 is trying to bring together all countries to address debt distress in middle-income and low-income nations like Sri Lanka …

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 …

The G20 could help fix Sri Lanka’s debt crisis. Will it step up?
1 year, 9 months ago

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

Al Jazeera  

The G20 includes Sri Lanka’s top lenders and powers with influence. If this group collaborated effectively, it could make debt relief available to Sri Lanka, and strengthen the protections of people’s economic and social rights during a moment of crisis. While IMF financing may be the reason Sri Lanka’s debt is in the news today, creditors should focus on resolving …

India to bridge digital divide
1 year, 9 months ago

India to bridge digital divide

Deccan Chronicle  

HYDERABAD: India, heading the G20 this year, said that nations shifting to digital financial transactions should ensure inclusion of those who may not be fully ready to reap the benefits. Addressing the G20 working group on knowledge and experience sharing for emerging economies of the global south on financial inclusion which started in the city on Saturday, Harsh Vardhan Shringla, …

G20: India’s platform for global leadership
1 year, 9 months ago

G20: India’s platform for global leadership

The Hindu  

The G20 was born out of the Asian financial crisis 25 years ago. As leader of the G20 this year, India could watch this happen — as appears to have been the case with the Finance Ministers’ gathering at Bengaluru — or strengthen the organisation. Difficult road for India At the G20 Finance Ministers’ meet last week, when for the …

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 …

Jaishankar: Find ways to de-risk global economy
1 year, 9 months ago

Jaishankar: Find ways to de-risk global economy

Deccan Chronicle  

Hyderabad: External affairs minister S. Jaishankar on Sunday said that the major concern of G20, whose presidency India assumed this year, would be to find ways to de-risk the global economy. In this backdrop, we have to find a way of de-risking the global economy’, he said, indicating the agenda for the summit that will be helmed by Prime Minister …

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  

If the G20 finance ministers can break the deadlock, it could unlock restructurings in Sri Lanka and Zambia—those worst-affected by sovereign debt defaults, helping them with immediate aid while also renewing hope for other nations seeking desperate debt relief measures. A larger concern that stems from the gridlock seen in the way G20 functions is evident from the fact how …

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, 9 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 …

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, …

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, …

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. …

India’s G20 Presidency: The Roadmap Ahead - News18
2 years ago

India’s G20 Presidency: The Roadmap Ahead - News18

News 18  

India assuming G20 presidency on 1 December 2022 is set to deliver the shared objectives of this inter-governmental organisation, which incorporates around 80 percent of world GDP, 75 percent of world trade, and 60 percent of world population. Hence, India as G20 president needs to prioritise four key issues to steer the trajectory of inclusive global development in the days …

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 …

India can lead G20 on education, climate and debt sustainability: World Bank President
2 years, 2 months ago

India can lead G20 on education, climate and debt sustainability: World Bank President

The Hindu  

Debt sustainability, education, and climate action are three areas of potential for India when it takes on the presidency of the Group of Twenty in December this year, according to World Bank President David Malpass. “There’s a potential focus on debt,” Mr. Malpass told reporters on a Friday morning briefing call ahead of the World Bank IMF Annual Meetings here …

India will work with G20 to discuss debt, food and energy security: Jaishankar at UNGA
2 years, 2 months ago

India will work with G20 to discuss debt, food and energy security: Jaishankar at UNGA

The Hindu  

Ahead of India assuming the Presidency of the G20, External Affairs Minister S. Jaishankar has said that New Delhi will work with the influential group’s other members to address serious issues of debt, food and energy security and environment. “As we begin the G20 presidency this December, we are sensitive to the challenges faced by developing countries,” Mr. Jaishankar said …

Environment, debt & security priorities in India's G20 presidency agenda: EAM S Jaishankar at UNGA
2 years, 2 months ago

Environment, debt & security priorities in India's G20 presidency agenda: EAM S Jaishankar at UNGA

Firstpost  

Jaishankar said that as India begins the G-20 presidency from December 2022, it is sensitive to challenges faced by developing countries and will work with other members to address serious issues of debt, economic growth, food, and energy security New York: Expressing concerns about the stability and security of the Indo-Pacific, External Affairs Minister S Jaishankar on Saturday said India …

A new global vision for G20
2 years, 4 months ago

A new global vision for G20

The Hindu  

While India has taken a clear view of the role of the G20, there is concern that the agenda, themes and focus areas which India will set for 2023 lack vision. However, according to the Ministry of External Affairs, in 190 meetings, India will strengthen international support for priorities of vital importance to developing countries in diverse social and economic …

Antonio Guterres urges G20 to act on vaccine equity, debt relief
3 years, 5 months ago

Antonio Guterres urges G20 to act on vaccine equity, debt relief

India TV News  

UN Secretary-General Antonio Guterres has urged the G20 member nations to address Covid-19 vaccine gap, provide debt relief to developing economies, and finance climate action. Guterres made the remarks while virtually addressing the third meeting of the G20 finance ministers and central bank governors, which was being held in Venice, Italy, reports Xinhua news agency. He called on the G20 …

G20 leaders to discuss Covid recovery plan, vaccine distribution on Saturday; back debt relief
4 years, 1 month ago

G20 leaders to discuss Covid recovery plan, vaccine distribution on Saturday; back debt relief

India Today  

The leaders of the 20 biggest world economies are scheduled to meet on Saturday to discuss how to deal with the unprecedented coronavirus pandemic that has caused a global recession, the post-pandemic world and how to manage the recovery of the economies once the coronavirus is under control. "The main theme will be to step up global cooperation to address …

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