Global debt crisis unlikely in near-term despite more defaults: S&P

Mar 11, 2021

Melbourne [Australia], March 11 : While the ratio of global debt-to-GDP is at a record high, continuing recovery of global economy will likely prevent...

FM Sitharaman calls for timely debt restructuring to counter global debt crisis

Apr 13, 2023

Sitharaman said this on the first day of the second G20 Finance Ministers and Central Bank Governors meeting held in Washington DC, which she...

Global debt crisis impacting nearly 95 countries: G20 Sherpa Amitabh Kant

May 10, 2024

The Russia-Ukraine war and the ongoing tensions in the Middle East pose a significant challenge for global stability and economics, said G20 Sherpa Amitabh...

Global debt crisis deepens: Developing nations struggle under unprecedented financial strain

Dec 14, 2023

According to the World Bank, the surge, attributed to the largest global interest rate increase in four decades, diverted vital resources from crucial sectors...

Need to address growing debt distress across the globe: FM Sitharaman in US

Apr 12, 2023

Union Finance Minister Nirmala Sitharaman on Wednesday underlined that in order to address the mounting debt crisis around the world, it is necessary to...

PM Modi will set agenda for world during challenging times: G20 Sherpa Amitabh Kant

Dec 01, 2022

Kant noted that India is taking the G-20 Presidency at a very challenging time. "There is a geopolitical crisis, there is a crisis of...