Tag: debt-saddled countries

MUMBAI: Union finance minister Nirmala Sitharaman on Friday pitched for greater coordination among the international community to address the challenges faced by debt-saddled low and mid-income countries.Addressing a seminar on the global economy organised as part of the finance track of India's G20 presidency, Sitharaman said such a move can help shield vulnerable populations from economic hardships."The international community must collaborate and find stronger ways to coordinate debt restructuring, for low-income and vulnerable middle-income countries facing debt distress," the finance minister said in a video address.She said as...