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The Hindu

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Finance Minister Nirmala Sitharaman calls for concerted global efforts to restructure debt for poor countries

Nirmala Sitharaman G20

Union Finance Minister Nirmala Sitharaman on Friday, August 11, 2023 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, Ms. Sitharaman said multilaterism faces the biggest challenge in recent years. "We haven't seen such enormous challenges in recent years at all".

Also read: PM Modi flags high debt in developing countries

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