G-20 countries need to tackle global debt, says PM Narendra Modi

'Progress on sustainable development goals seems to be slowing'

Prime Minister Narendra Modi said on Friday unsustainable debt levels were threatening many nations across the world, and that the G-20 nations, along with multilateral institutions, needed to find solutions to the issue.

“The financial viability of many countries is threatened by unsustainable debt levels. Trust in international financial institutions has eroded. This is partly because they have been slow to reform themselves. It is now up to you -- the custodians of the leading economies and monetary systems of the world to bring back stability, confidence, and growth to the global economy. It is not an easy task,” Modi