The heads of the Ministries of Finance and Central Banks of the G20 stated that the problem of debt obligations of developing countries should be resolved early. This was reported in a statement adopted following a meeting in Bangalore, India. transmits TASS.
“We recognize that debt vulnerabilities in low- and middle-income countries urgently need to be addressed,” the document states.
The report also added that coordination between public and private lenders needs to be strengthened to avoid worsening the situation with the debt of developing countries. For example, Sad’s debt situation was handled properly. Zambia and Ethiopia are next.
Finance Ministries and Central Bank heads of G20 countries also stated that it is important to solve the problem of Sri Lanka’s debts.
24 February in the World Trade Organization (WTO) report reportedThat global trade remains strong despite the impact of the special operation in Ukraine. According to the WTO, growth in world trade at the end of last year exceeded the organization’s forecast of 3%. Also, trade has improved better than any pessimistic scenario.