Finance ministers discuss debt restructuring, bank reform, climate finance to boost global economy in G20 summit in India
U.S Treasury Secretary Janet Yellen, left and Finance Minister of India Nirmala Sitharaman address media during G-20's third Finance Ministers and Central Bank Governors meeting in Gandhinagar, India, Monday, July 17, 2023. / Photo: APrestructuring deals, multilateral bank reform and finance to tackle climate change, as they aim to bolster a sagging global economy.
Indian Finance Minister Nirmala Sitharaman, chair and host of the summit in Gandhinagar, began by telling finance leaders of"the responsibility we have... to steer the global economy towards strong, sustainable, balanced and inclusive growth". Key on the two-day agenda will be"facilitating consensus to intractable issues associated with rising indebtedness", Sitharaman said earlier on Monday, speaking to reporters alongsideTalks will also focus on"critical global issues such as strengthening the multilateral development banks and taking coordinated climate action", Sitharaman added.
Yellen said:"The world is looking to the G20 to make progress on key challenges like climate change and pandemics as part of our work to strengthen the global economy." She also cited work to tackle debt distress among the world's poorest countries, noting debt restructuring progress in Zambia, which she had discussed when visiting Beijing this month.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yellen visits India again to promote closer ties and tackle global economic problemsShe also plans a stop in Vietnam.
Read more »
Yellen visits India to promote closer ties and tackle global economic problemsU.S. Treasury Secretary Janet Yellen is back in India for the third time in nine months, this time to meet with finance ministers from the Group of 20 nations about global economic challenges.
Read more »
China's response not encouraging on G20 common framework for debt, source saysChina has not given an encouraging response so far on reaching a common understanding with the G20 bloc on the issue of restructuring the debt of vulnerable countries, a source aware of the matter said on Sunday.
Read more »
Exclusive: India to push G20 to raise share of taxes on firms where they earn 'excess profit,' officials sayIndia will push its Group of 20 partners at a meeting it is hosting to support its proposal to raise the share of taxes multinational companies pay to countries where they earn 'excess profits', government officials said.
Read more »
Yellen Champions Ukraine Support as ‘Single Best Thing We Can Do for the Global Economy’ Ahead of G20 Summit – Economics Bitcoin NewsThe U.S. Treasury secretary, emphatically declared on Sunday that bolstering Ukraine represents “the single best thing we can do for the global economy.' Economics
Read more »
Passports: What to Know About Renewal Times, Prices and Global EntryIf you haven’t renewed your passport ahead of international travel, you might already be too late for the traditional route. Here's what you need to know to fix the problem.
Read more »