RBI’s Das calls for action on debt distress

“Bigger and stronger” IMF could do more to tackle widespread debt problems, governor says

Shaktikanta Das
Shaktikanta Das
Juno Snowdon

Major economies and multilateral lenders need to do more to tackle “high and unsustainable” debt levels that continue to constrain many countries, Shaktikanta Das said on August 11.

The Reserve Bank of India governor noted the Group of Twenty’s common framework for debt treatment and the debt service suspension initiative “have been discussed intensively”. But he said further progress was needed.

Das highlighted three areas with room for improvement. He said debt sustainability analysis needed

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