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India's G20 Presidency has walked the talk: Nirmala Sitharaman
Updated On: 10 September, 2023 09:36 AM IST | New Delhi | ANI
In the declaration, the G20 countries said they re-emphasise the importance of addressing debt vulnerabilities in low and middleincome countries in an effective, comprehensive and systematic manner
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Finance Minister Nirmala Sitharaman
India`s G20 Presidency has walked the talk, Finance Minister Nirmala Sitharaman said on Saturday, noting that India`s concerns of Global South and emphasis on human-centric globalisation have found a resonance and recognition. "We assumed the presidency at a challenging time of geo-political tensions...Today I can confidently state that the Indian G-20 Presidency has walked the talk,` she said at a joint press conference after the G20 declaration was adopted on the first day of two-day summit. In the declaration, the G20 countries said they re-emphasise the importance of addressing debt vulnerabilities in low and middleincome countries in an effective, comprehensive and systematic manner.
`We continue to stand by all the commitments made in the Common Framework for Debt Treatments beyond the DSSI, including those in the second and final paragraphs, as agreed on November 13, 2020, and step up the implementation of the Common Framework in a predictable, timely, orderly and coordinated manner. To this end, we call for continued discussion on policy-related issues linked to the implementation of the Common Framework for making appropriate recommendations. We welcome the recent agreement between the Government of Zambia and the official creditor committee on debt treatment and look forward to a swift resolution,` the declaration said.
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