GSDR agrees on debt restructuring

Washington: Amid rising debt vulnerability being faced by low and middle-income countries, the Global Sovereign Debt Roundtable (GSDR) has agreed on urgently improving information sharing, including on macroeconomic projections and sustainability assessments, at a meeting for early stage of the debt restructuring processes.

Co-chaired by the International Monetary Fund Managing Director Kristalina Georgieva, World Bank Group President David Malpass and Union Finance Minister Nirmala Sitharaman, the GSDR on Wednesday discussed debt sustainability, and debt restructuring challenges and ways to address them.

She said there is a need to augment present global efforts, including those of the G20, to address growing debt distress across the globe.