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12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- Economic shock of Middle East war to cast shadow over IMF, World Bank meetingsGlobal finance leaders are meeting amid the Middle East war, a third major shock impacting the world economy. The IMF and World Bank are do...
- New creditors, differing interests and coordination issues are hobbling sovereign debt restructuringAn IMF analysis suggests that several low-income countries (LICs) have been at high risk of debt distress or are in debt distress. Between ...
- G20 for urgently, effectively addressing debt vulnerabilities in developing countriesThe leaders of G20 nations have agreed to address debt vulnerabilities in developing countries, including Zambia, Ghana, and Sri Lanka. The...
- View: Countries seeking debt relief need faster debt restructuringCountries in distress have raised nearly half of their total public debt externally. In 2019, external public debt raised by LICs totalled ...
- FM Sitharaman meets heads of World Bank, IMF; discusses debt restructuringThe roundtable with World Bank President David Malpass and IMF managing director Kristalina Georgieva held on the sidelines of the first G2...
- IMF flags debt restructuring hurdles, says banning crypto should be an optionIndia's G20 presidency comes at a time when its South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due ...
- IMF flags debt disagreements, says banning crypto should not be off table"On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of al...
- China calls for 'joint action' in debt settlements at G20Liu Kun, China's finance minister, joined the meeting in Bengaluru via video link, a finance ministry statement said on Friday, ending spec...
- Debt relief, keeping G20 fingers crossedLow-income countries didn't have fiscal space for pandemic support and now find themselves at elevated levels of indebtedness in a rising i...
- G20 host India to propose China, other creditors take haircuts on loans- SourcesTwo Indian government sources told Reuters of the proposal as finance ministers and central bank chiefs from the Group of 20 prepared to me...
- India says China should take losses in poor-nation debt reworkAbout 60% of the world’s poorest nations are in or at high risk of debt distress, IMF data show. The G-20 has set up a blueprint for restru...
- G20 leaders see deteriorating debt issues in some middle-income countries: DraftThe draft stressed the importance of all official and private creditors participating in debt relief and shouldering a fair burden. But it ...
- IMF warns of 'economic collapse' unless G20 extends debt relief"We may see economic collapse in some countries unless G20 creditors agree to accelerate debt restructurings and suspend debt service while...
- G20 finalizing work on common framework for debt reductionsAgreed in principle by G20 officials last month and endorsed by the Paris Club of official creditors, the framework will essentially extend...
- IMF chief Kristalina Georgieva says 'much more decisive' action needed to deal with debt problemsThe head of the International Monetary Fund on Sunday called for significant steps to address the increasingly unsustainable debt burdens o...
- Saudi Arabia hosts G20 talks on virus recovery, debt reliefThe virtual talks, hosted by current G20 president Saudi Arabia, come a day after the International Monetary Fund warned that global GDP wo...
- Pakistan to avail Rs 335 billion debt relief from G20 to mitigate negative effects of pandemicPakistani authorities sought help from the World Bank to develop a standard format for seeking debt relief from bilateral creditors but due...
- Debt relief for poorest countries could extend beyond 2020, G7 saysIn a lengthy joint statement, the G7 finance ministers urged all official creditors to join the initiative, called for strengthened reporti...
- World Bank's Malpass upbeat on prospects for progress on debt reliefMalpass last month said IDA countries faced official bilateral debt service obligations of $14 billion through the end of 2020.
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