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Reuters
Reuters
Business

Indian PM Modi urges G20 to focus on unsustainable debt

FILE PHOTO: India's Prime Minister Narendra Modi speaks with the media inside the parliament premises upon his arrival on the first day of the budget session in New Delhi, India, January 31, 2023. REUTERS/Adnan Abidi

The financial viability of many countries is being threatened by unsustainable debt, India's Prime Minister Narendra Modi said on Friday, as he called for the Group of 20 (G20) to focus on the world's most vulnerable citizens.

Trust in international financial institutions has eroded, partly because the lenders had been slow to reform themselves, Modi said in a video message at the beginning of a two-day meeting of G20 finance ministers and central bank governors.

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