teensexonline.com
12.7 C
Jammu
Sunday, February 16, 2025
HomeChinaChina's response not encouraging on G20 common framework for debt: Report

China’s response not encouraging on G20 common framework for debt: Report

Date:

Related stories

JUI-F chief stands with journalists against PECA law

Jamiat Ulema-e-Islam (Fazl) chief Maulana Fazlur Rehman yesterday vowed...

UN report: China expands forced labor in Xinjiang, Tibet

A newly released report from the United Nations’ International...

China’s repressive policies threaten Tibet’s ecological, cultural future

China's aggressive policies in Tibet continue to deepen concerns over both...

US targets diversity, equity, inclusion at United Nations

The United States has warned U.N. organizations UNICEF and...

India-EU agree to strengthen ties on smart and sustainable urbanisation

Building on the 2017 joint declaration on partnership for...

China 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 (Jul 16).

G20 nations are also not keen on a one-size-fits-all rule to restructure such countries’ debt, the source said on condition of anonymity.

Financial leaders from the Group of 20 major economies are meeting in India’s Gandhinagar over the next two days to discuss, among other things, the debt treatment of countries under the so-called Common Framework – a G20 initiative to help poor countries delay their debt repayments.

Last month, Zambia struck a deal to restructure US$6.3 billion in debt owed to governments abroad including China, in what was seen as a breakthrough for vulnerable nations in crisis.

Latest stories