G20 finance meeting to end without consensus on war in Ukraine: Delegates

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BENGALURU: Finance leaders from the world's biggest economies were unable to resolve differences on Saturday (Feb 25) over the war in Ukraine and inched forward on moves to restructure distressed nations' debt, people familiar with the discussions said. The meeting of finance ministers and central bank chi

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

India's foreign, finance and information ministries did not immediately respond to requests seeking comment.On the sidelines, the International Monetary Fund held a meeting on Saturday with the World Bank, China, India, Saudi Arabia and the G7 on restructuring debt for distressed economies, but there were disagreements among members, said IMF Managing Director Kristalina Georgieva.

Pressure has been building on China, the world's largest bilateral creditor, and other nations to take a large haircut in loans given to struggling developing nations.

 

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Ukrops placed a russian tank infront of the russian embassy in Berlin. Germans are bringing flowers 'to show our government that we want diplomacy and not war'

Embarassing , if there is voting to sanction more on Russia , only 7 countries will vote for ....LOL

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G-20 finance chiefs fail to reach consensus on Russia-Ukraine war, delegates sayBarring a last-minute surprise, the meeting is likely to end with just a statement summarising the discussions. Read more at straitstimes.com.
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G20 finance chiefs differ on debt, Russia-Ukraine warBENGALURU: 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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »