G20: Leaders see deteriorating debt woes in middle-income nations

The leaders said they would step up efforts to implement the Common Framework for debt treatments in a "predictable, timely, orderly and coordinated manner"

Leaders of the Group of 20 major economies will express concern about the "deteriorating debt situation" facing some vulnerable middle-income countries, and call on all official and private creditors to respond swiftly to requests for debt treatment.

A draft of the G20 leaders declaration seen by Reuters includes far stronger language about debt issues and acknowledges that the problems extend far beyond just the poorest nations. The draft stressed the importance of all official and private creditors participating in debt relief and shouldering a fair burden. But it did not mention China, which has been criticized by Western countries and international