G20: IMF, World Bank to convene global debt roundtable in Bengaluru

Georgieva said while 2023 will be another challenging year, it could represent a turning point - with inflation declining and growth bottoming out

In a statement on the eve of the G20 meeting of Finance Ministers and Central Bank Governors (FMCBG), which begins in Bengaluru on Thursday, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said the IMF, World Bank and India’s G20 presidency will convene a new Global Sovereign Debt Roundtable to find lasting solutions to the stressed sovereign debt levels of low income nations.

“This week in Bengaluru, we will meet in person for the first time — and pave the way for creditors, both public and private, and debtor countries to work together, assess the existing shortcomings and best ways