G20 advocate swift resolution of Sri Lanka’s debt situation and strengthen global debt collabora...

G20 Finance Ministers and Central Bank Governors (FMCBGs) said they welcome all efforts for timely resolution of the debt situation of Sri Lanka, and called for its swift conclusion as soon as possible.

This was said in a Communiqué adopted at the fourth and final G20 FMCBG meeting in Marrakech, Morocco, on Friday.

“Beyond the Common Framework, we also encourage the efforts of the Global Sovereign Debt Roundtable participants to strengthen communication and foster a common understanding among key stakeholders, both within and outside the Common Framework, for facilitating effective debt treatment.

“We appreciate the efforts of the International Financial Architecture Working Group in taking forward the work on the debt agenda including preparation of G20 Note on the Global Debt Landscape. We welcome joint efforts by all stakeholders, including private creditors, to continue working towards enhancing debt transparency.”