The leaders of the Group of Twenty intend to express their fear of a “worsening debt crisis” faced by medium income countries, and to invite all creditors from the public and private sectors to respond quickly to the debt treatment requests.
The draft statement of the leaders of the Group of Twenty, which was briefed on Reuters, came to a copy of a very intense tone regarding debt problems, and includes acknowledgment that problems are not limited to the poorest countries.
The draft stressed the importance of the participation of all creditors from the official and private sectors in reducing the debt burden, and bearing a fair degree of burdens, but it did not mention China, which was criticized by Western countries and international financial institutions for its delay in the efforts to restructure debt..
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