G-20 ministers agree on quick action for indebted nations

China, the largest creditor, key to relief amid rising interest rates

20230413N Sitharaman

Indian Finance Minister Nirmala Sitharaman, left, speaks at the G-20 finance ministers meeting in Washington.  © AP

DAICHI MISHIMA, Nikkei staff writer

WASHINGTON -- Finance ministers and central bank chiefs from the Group of 20 major economies on Thursday wrapped up talks on debt relief for developing nations, with G-20 president India saying participants had agreed on the need for quick action.

Participants in the debt roundtable agreed that restructurings must be "speedily dispensed," Indian Finance Minister Nirmala Sitharaman said.

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