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Finance minister: Comprehensive multilateral action crucial to address global debt crisis | Malay Mail

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Finance minister: Comprehensive multilateral action crucial to address global debt crisis

KUALA LUMPUR, April 23 — A thorough and comprehensive multilateral action is needed to address the deepening global debt crisis, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

“During the discussion, I had voiced my views on some of the latest challenges that have hampered global economic recovery this year, and I shared the opinion that in the short term, thorough and comprehensive multilateral action is needed to address the deepening debt crisis,” he said in a Facebook post today.

The minister said during the meeting, he had also highlighted that rising supply chain disruptions and inflation, as well as the ongoing uncertainty due to the new Covid-19 variant, may hamper global economic recovery. He said the development committee had discussed issues related to digitisation and development, ensuring that lending by governments around the world plays a role in macroeconomic development and stability, as well as a number of things on Covid-19 crisis response operations updates.

 

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