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India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking lender..

The International Monetary Fund (IMF) said on Tuesday it would hold a virtual meeting with the World Bank, India, China, Saudi Arabia, the United States and other wealthy Group of Seven (G7) democracies on Friday to try to reach understandings on common standards, principles and definitions for how to restructure distressed country debts. "India is designing a proposal" to try to persuade countries like China to take a big haircut in lending to nations in difficulty, said one of the I...

IMF said it would hold a virtual meeting with the World Bank, India, China, Saudi Arabia, the United States and other wealthy Group of Seven (G7) democracies on Friday to try to reach understandings on common standards, principles and definitions for how to restructure distressed country debts

By Neha Arora and Aftab Ahmed

By Jorgelina do Rosario LONDON (Reuters) - Ghana's bilateral lenders are discussing the formation of an official creditor committee, a first step need...

Ghana’s finance ministry has announced that the country's domestic debt exchange programme has been successfully closed as foreign lenders discuss forming an official creditor committee, which would…

India called on China to be willing to take losses on loans to struggling economies, and asked the world's biggest bilateral creditor to developing countries to avoid taking positions that would block relief for nations such as Zambia and Sri Lanka.

India has called on China to be willing to take losses on loans to struggling economies, and has asked the world’s biggest bilateral creditor to help developing countries to avoid taking positions that would block relief for nations such as Zambia and Sri Lanka.

Ghanas bilateral lenders are discussing the formation of an official creditor committee, a first step needed to engage in debt relief talks for the crisis-hit country, according to two sources with

Union Finance Minister Nirmala Sitharaman and International Monetary Fund Managing Director Kristalina Georgieva on Thursday expressed solidarity with those affected by devastating earthquakes in Turkey and Syria. Finance Minister Sitharaman also conveyed India's immediate support extended by Prime Minister Narendra Modi through the deployment of the National Disaster Response Force (NDRF) and me