The February 22-25 meeting in the Nandi Hills summer retreat near Bengaluru is the first major event of India's G20 presidency.
Unblocking debt restructuring for distressed economies and boosting aid for Ukraine is expected to take prominence at the meeting, where US Treasury Secretary Janet Yellen is also expected to press China to"quickly deliver" on debt relief for low and middle income countries. Reuters reported last week that India is drafting a proposal for G20 countries to help debtor nations by asking lenders, including China, the world's largest sovereign creditor, to take a large haircut on loans.
"So the discussions would be aimed both at handling them before they arise and after they arise as well."
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