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Home Sports UN needs India to mobilize G20 to assist debt-stressed international locations

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UN needs India to mobilize G20 to assist debt-stressed international locations

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October 19, 2022

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NEW DELHI – U.N. chief Antonio Guterres on Wednesday sought India’s help in mobilizing G20 nations to assist out creating international locations saddled with debt, with three of India’s neighbors already searching for IMF loans as their economies battle.

India takes over the G20 presidency from Indonesia for a 12 months from Dec 1. India’s neighbors Sri Lanka, Pakistan and Bangladesh have in latest months sought IMF loans as excessive oil costs complicate efforts to recuperate from the financial harm of the COVID-19 pandemic.

“I depend on India’s help in mobilizing G20 international locations round debt reduction,” Guterres instructed the scholars and school of the Indian Institute of Know-how in Mumbai. “Many creating c…

Carry on studying: UN needs India to mobilize G20 to assist debt-stressed international locations

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