FM calls for debt restructuring to address global crisis

She made the remark on the first day of the G20 Finance Ministers Central Bank Governors meeting

Union Finance Minister Nirmala Sitharaman has strongly called for timely debt restructuring as a solution to global debt crisis.

She made the remark on the first day of the G20 Finance Ministers Central Bank Governors (FMCBG) meeting, which commenced in Washington D.C. on Wednesday.

Debt restructuring can be a solution to the global debt crisis, as it is closely intertwined with addressing global poverty challenge, the Union Minister said, noting that it adversely affects the most indebted countries as they also house the poorest people.