G-20 Weighs Fixes to Debt-Relief Plan Faulted as Too Unwieldy

Support is growing for enhancements to the Group of 20’s coordinated debt-relief initiative, faulted for being too slow and unwieldy since its inception in 2020.

Finance leaders meeting in Washington for a review of the G-20’s Common Framework said debt vulnerabilities remain high, and that even when nations can meet their obligations, the soaring cost of borrowing is crowding out spending on basic services.