The Latest Breaking News from G20

World Bank Promises ‘Concessionality’ in Debt Restructuring

The World Bank will "provide as much concessionality to the debt treatment" for distressed economies as possible, its president told a meeting with the International Monetary Fund, India, China, and other creditor nations on Saturday. The remarks come amid calls by China, the world's largest bilateral creditor, that global lenders…

Asharq Al-Awsat · Feb 25, 2023

G20 Finance Chiefs Differ on Debt, Russia-Ukraine War

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. The meeting of finance ministers and central bank chiefs of the Group of 20 (G20), hosted by India, was likely…

Asharq Al-Awsat · Feb 25, 2023

Most G20 nations condemn Russia for war, China silent

Finance chiefs of the world's largest economies strongly condemned Moscow for its war on Ukraine on Saturday, with only China and Russia itself declining to sign a joint statement.

Reuters · Feb 25, 2023

US announces sweeping new Russia sanctions 1 year into war

The U.S. has announced a new round of sanctions on Russian firms, banks, manufacturers and people

The Independent UK · Feb 24, 2023

Wealthy G7 nations gearing up for new volley of sanctions on Russia

The Group of Seven nations are preparing new, further-reaching sanctions on Russia a year after its invasion of Ukraine, targeting key economic sectors and other countries or organisations who help Moscow's war effort.

Reuters · Feb 24, 2023

Blinken heads to Asia, with China, Russia tensions soaring

Secretary of State Antony Blinken will travel to Central and South Asia next week for international talks that will put him in the same room as his Chinese and Russian counterparts

The Independent UK · Feb 24, 2023

Modi urges G20 finance leaders to focus on 'most vulnerable'

Indian Prime Minister Narendra Modi has urged financial policymakers of the Group of 20 leading economies to focus on the world's “most vulnerable people" in talks taking place in the technology hub of Bengaluru

The Independent UK · Feb 24, 2023

G20 tussles over Ukraine war as West steps up sanctions

Finance leaders of the world's top economies sought on Friday to bridge differences over how to deal with Russia following its invasion of Ukraine a year ago, as the West stepped up sanctions against Moscow.

Reuters · Feb 24, 2023

France won't sign G20 communique unless it strongly condemns Russia

France will not sign off on a G20 communique unless it contains the same denunciation of Russia's invasion of Ukraine as it did last year, its finance minister said on Friday on the sidelines of a G20 meeting in India.

Reuters · Feb 24, 2023

Indian PM Modi urges G20 to focus on unsustainable debt

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.

Reuters · Feb 24, 2023