Moon is pictured above a G20 logo installed on a pedestrian bridge in front of the main venue of the summit in New Delhi, India, August 25, 2023. REUTERS/Adnan Abidi/File PhotoMARRAKECH, Morocco, Oct 13 - Finance leaders from the Group of 20 major economies welcomed "advanced work" toward finalization of a memorandum of understand for Zambia's debt treatment and "ongoing progress" in the case of Ghana.
In a draft communique seen by Reuters, G20 leaders also called for a "swift conclusion" of debt talks underway for Ethiopia and Sri Lanka. They encouraged efforts of Global Sovereign Debt Roundtable participants to strengthen communication and foster a common understanding among key stakeholders, both within and outside the G20 Common Framework to facilitate debt relief plans.A mixed batch of Chinese data on Friday showing a narrowing slump in merchandise trade and the persistence of deflationary pressures underlined the challenges policymakers face in trying to engineer a durable economic recovery.
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Zambia poised to sign debt restructuring MoU -finance ministerZambia is poised to sign a Memorandum of Understanding (MoU) on its debt restructuring with official creditors, its finance minister said on Thursday - a key step to securing the next tranche of funding from the International Monetary Fund.
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