Asheville, Sep 1 (IANS) US Treasury Secretary Scott Bessent has called for faster, more transparent and predictable sovereign debt restructuring as developing economies confront mounting debt burdens, weaker financing flows and growing liquidity pressures.
Addressing a G20 meeting on sovereign debt in Asheville, North Carolina, Bessent said the group would establish a technical-level study group to advance discussions before the G20 Leaders’ Summit in Doral, Florida, in December.
“As we prepare to conclude the G20 presidency, I expect our debt work stream to remain an ongoing priority,” he said.
“Accordingly, to maintain momentum and better inform leaders’ discussions, we will establish a technical-level study group following…