EAM Jaishankar flags supply chain disruptions, prolonged debt crisis as key challenges facing world

The prospects of a global economic recovery remain dim amid supply chain disruptions, prolonged debt crisis and pressures on energy, food and fertiliser security, External Affairs Minister S. Jaishankar said on Monday, calling for a united global approach to deal with the challenges...

In an address at the G20 Development Ministers' conclave here, he also said that India has put forward an ambitious seven-year action plan for accelerating progress on the Sustainable Development Goals (SDGs) that presented an integrated and inclusive roadmap for G20 actions...

"The world today faces unprecedented and multiple crises -- from the pandemics to the disruptions in supply chains, from the impact of conflict to climate events, our era is becoming more volatile and uncertain by the day," Mr. Jaishankar said.. "Added to this is the stubborn inflation, rising interest rates and shrinking fiscal space for many nations..

"Prospects of a global economic recovery remain dim amid supply chain disruptions, prolonged debt crisis and pressures on energy, food and fertiliser security," he said.. Mr. Jaishankar said the development ministerial meeting of the G20 is an opportunity for "us to demonstrate solidarity on these development issues."..

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