Indian PM Modi urges G20 to focus on unsustainable debt

Trust in international financial institutions has eroded, partly because the lenders had been slow to reform themselves, Modi said in a video message at the beginning of a two-day meeting of G20 finance ministers and central bank governors.

"Food and energy security have become major concerns across the world. Even the financial viability of many countries is threatened by unsustainable debt levels," Modi said. The meeting at a hill resort on the outskirts of the tech hub of Bengaluru is the first major event of India's G20 presidency and coincided with the first anniversary of Russia's invasion of Ukraine, which Modi alluded to.

"We are also witnessing rising geo-political tensions in different parts of the world. There are disruptions in global supply chains. Many societies are suffering due to rising prices," Modi said in his address to delegates.

He's funny. 🤣

Experience of his friend Adani with debt ...helping him understand bad effects of debt 🤣🤣😂

FBI next

You mean USAs unsustainable debt?

So ... Chinese 'aid/development projects' pushing 3-rd world countries into lifelong debt traps will now be addressed?

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