The Russia-Ukraine war and the ongoing tensions in the Middle East pose a significant challenge for global stability and economics, said G20 Sherpa Amitabh Kant while speaking at an event in Delhi.
According to the World Bank, the surge, attributed to the largest global interest rate increase in four decades, diverted vital resources from crucial sectors like health, education, and the environment.
Sitharaman said this on the first day of the second G20 Finance Ministers and Central Bank Governors meeting held in Washington DC, which she co-chaired with Reserve Bank of India's Governor Shaktikanta Das.
The European Union, Foreign Policy chief Josep Borrell concluded his visit to India on Friday, after his participation in the G20 Foreign Ministers' Meeting (FMM) and the eighth edition of the Raisina Dialogue.
Kant noted that India is taking the G-20 Presidency at a very challenging time. "There is a geopolitical crisis, there is a crisis of climate finance and climate action. 70 countries are facing a global debt crisis. And as a consequence of COVID, 200 million people have gone below the pov
Melbourne [Australia], March 11 (ANI): While the ratio of global debt-to-GDP is at a record high, continuing recovery of global economy will likely prevent a debt crisis any time soon, S&P Global Ratings said on Thursday.