The Group of Twenty (G20) Finance Ministers and Central Bank Governors has reaffirmed its strong commitment to help low- and middle-income countries manage debt vulnerabilities through comprehensive and systematic approaches. This commitment, contained in the Ministerial Declaration on Debt Sustainability issued on Thursday, underscores the bloc’s recognition that debt distress remains a key obstacle to inclusive global growth.
The statement was adopted at the conclusion of the fourth G20 Finance Ministers and Central Bank Governors meeting held in Washington, D.C., USA, on the sidelines of the International Monetary Fund (IMF) and World Bank Annual Meetings.
Addressing Debt as a Barrier to Inclusive Growth
In the…