G-20 meeting also discussed bailing out poor countries trapped in debt crisis

Praveen Kumar Director of Ministry of Finance, Anup P Mathai Advisor Ministry of Finance, Rajendra Chowdhary ADG PIB, B Purusharth Joint Director Ministry of Finance attending the press conference of G-20

It has been talked about what can be done to make this initiative even better. Anup P. Mathai told that Zambia, Ghana, Suriname of Africa, poor countries of Latin and Central America are also facing the problem of debt. Sri Lanka in Asia is also suffering from the same problem.

Debt Service Suspension Initiative (DSSI) was brought in after the previous meetings to bring the poor countries out of the debt crisis. Accordingly, a provision was made to extend the time limit for loan repayment, but now the group has found that there are many challenges in that too. They have also been seriously discussed in the meeting.