Finance ministers from the G20 nations met to deliberate on strategies for alleviating global debt burdens, with a specific focus on supporting vulnerable, low-income countries. The discussions highlighted the urgent need for improved frameworks for debt restructuring to ensure timely and effective resolutions.

Key Discussion Points

• Debt Restructuring: Ministers explored mechanisms to streamline and expedite debt restructuring processes, aiming to provide quicker relief to countries facing unsustainable debt levels.
• Financial Assistance: The meeting addressed the potential for increased financial aid and concessional lending to help low-income nations manage their debt and invest in sustainable development.
• International Cooperation: Participants emphasized the critical role of coordinated international efforts in addressing global debt challenges and promoting economic stability.

The G20 finance ministers reaffirmed their commitment to working together to mitigate the risks posed by rising global debt and to support inclusive and sustainable economic growth worldwide. Further discussions are planned to develop concrete action plans based on the outcomes of this meeting.