FM meets heads of WB, IMF; discusses debt restructuring
- Bengaluru: Union finance minister Nirmala Sitharaman on Saturday held a roundtable with the heads of the World Bank and the IMF and discussed the issue of debt restructuring faced by some of the countries.
- The roundtable with World Bank President David Malpass and IMF managing director Kristalina Georgieva held on the sidelines of the first G20 Finance Ministers and Central Bank Governors meeting here discussed the issue of debt restructuring challenges and debt vulnerabilities.
- "Finance Minister Smt. @nsitharaman flagged the need to acknowledge today's diverse creditor landscape and build a common under-standing of challenges and ways to address them," a tweet from the Finance Ministry said.
- "Ms@KGeorgieva, MD, IMF@IMFNews and Mr@DavidMalpassWBG, President @WorldBank called for faster debt restructuring processes and noted the debt forum was an opportunity to work together and help vulnerable countries," another tweet said.