FM calls for concerted global efforts to restructure debt of poor nations

Union Finance Minister Nirmala Sitharaman on Friday flagged the need for the management of global debt vulnerabilities and called for concerted global efforts led by rich nations to help indebted countries deleverage at a time when multilaterism is the most potent challenge.

- ABHIJIT LELE

The FM said India had demonstrated its commitment by voicing the concerns of the Global South and the country had also made significant efforts in providing momentum for debt treatment for some countries.