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Union Finance Minister Nirmala Sitharaman on Tuesday discussed the global debt crisis and measures to strengthen multilateral development banks in a | BLiTZ

Discussions on Wednesday, April 12, 2023, in Washington, during the World Bank and International Monetary Fund’s Spring Meetings, are aimed at ending a deadlock among the world’s biggest creditor nations on how to renegotiate several poorer nations’ debt, which had become unsustainable amid surging inflation and a stronger dollar.

China and the World Bank are exploring compromises over how to restructure billions of dollars of debt held by poor nations, seeking a long-sought breakthrough that could unlock desperately needed aid. Discussions on Wednesday, April 12, 2023, in Washington, during the World Bank and International Monetary Fund’s Spring Meetings, are…

Seeking a long-sought breakthrough that could unlock desperately needed aid.

(Bloomberg) — Sri Lanka expects China to support its effort to restructure debts and help it begin repaying its obligations, according to the nation’s central bank governor. The country also aims to quickly complete negotiations with official and commercial creditors, Nandalal Weerasinghe said in an interview with Bloomberg Television in Washington, where he’s attending the...

Lower-income country debt payments will hit 25-year peak in 2023

Citing the production-linked incentive schemes, FM Nirmala Sitharaman said it covers 13 manufacturing sectors including semiconductors which are bringing global value chains into India

India last month laid out an ambitious target of hitting $2 trillion annually in overall exports by 2030 as the South Asian country makes a renewed push to become a top choice for companies shifting supply chains away from China.

India seeks to be more involved in world supply chains and serve as an alternative to China through output-incentive plans and the growth of its domestic consumer market, Finance Minister Nirmala Sitharaman said.

Reuters – U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts, and moves to conclude a debt treatment for Sri Lanka, Treasury said on Monday. Yellen, who is slated to meet counterparts from around the world during this week’s meetings...