Key Points
Gandhinagar: Most G20 member countries believe that a one-size-fits-all approach to debt restructuring may not be feasible for all vulnerable nations, considering the differing circumstances of low- and middle-income countries, a person with direct knowledge of the discussions said on Sunday...
Theres a need for distinct debt restructuring strategy for every low- and middle- income country," the person said seeking anonymity..
In June, Zambia struck a deal to restructure a $6.3 billion debt owed to various governments, including China, raising hopes of similar deals for other vulnerable nations awaiting relief for several years..
However, the person said every debt-restructuring for vulnerable countries will have to be negotiated through separate discussions..
The presidency guidance note on crypto will be a summary of relevant work done so far by all organizations (including the International Monetary Fund (IMF) and Financial Stability Board)," the person added..
