The leaders of G20 nations on Saturday agreed to urgently and effectively address debt vulnerabilities in developing countries, including Zambia, Ghana and Sri Lanka.
Debt vulnerability-related issues of three countries -- Zambia, Ghana and Ethiopia -- are addressed under the common framework, while Sri Lanka is outside the framework.
The G20 New Delhi Leaders’ Declaration noted that with notable tightening in global financial conditions, which could worsen debt vulnerabilities, persistent inflation and geoeconomic tensions, the balance of risks remains tilted to the downside.
The G20 leaders committed to promote resilient growth by urgently and effectively addressing debt vulnerabilities in developing countries, the Declaration said.
The leaders re-emphasise the importance of addressing debt vulnerabilities in low and middle-income countries in an effective, comprehensive and systematic manner.
The G20 called for continued discussion on policy-related issues linked to the implementation of the Common Framework for making appropriate recommendations.
Here are some of the defining moments of day-1 of the G20 Summit.