-
G-20’s ‘Intense’ Talks Fail to Break Deadlock Over Debt Relief
Finance chiefs from an assembly of the world’s biggest advanced and emerging economies failed to reach a consensus over a framework that could be applied to restructuring the debt of distressed poorer nations. Representatives of Group of 20 nations had “very intense discussions on global debt vulnerabilities” during a two-day confab in Gandhinagar, India, according to Indian Finance Minister Nirmala Sitharaman. She said in a press conference wrapping up the negotiations Tuesday that the debt issue remains a “priority” area for the G-20 this year, with leaders scheduled to gather at a September summit. The ... (full story)