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G20 finance chiefs differ on debt, Russia-Ukraine war

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BENGALURU: Finance leaders of the world's biggest economies were entangled in differences on Saturday (Feb 25) over the war in Ukraine and on resolving the debt burden of distressed developing nations, participants said. The meeting of finance ministers and central bank chiefs of the Group of 20 (G20), hos

Besides the G7 nations, the G20 bloc also includes such countries as Australia, Brazil and Saudi Arabia.

"In the absence of a consensus, the option for India would be to issue a chair statement," one official said. "We just finished a session in which it was clear that there is a commitment to bridge differences for the benefit of countries," Georgieva, who co-chaired the roundtable with Indian Finance Minister Nirmala Sitharaman, told reporters.

 

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