Finance chiefs from an assembly of the world’s biggest advanced and emerging economies have failed to reach a consensus over a framework that could be applied to restructuring the debt of distressed poorer nations.
Representatives of Group of 20 nations had "very intense discussions on global debt vulnerabilities” during a two-day confab in Gandhinagar, India, according to Indian Finance Minister Nirmala Sitharaman.
Sitharaman said in a news conference wrapping up the negotiations Tuesday that the debt issue remains a "priority” area for the G20 this year, with leaders scheduled to gather at a September summit.