Debt distress will be a central topic of discussion as U.S. Treasury Secretary Janet Yellen and other G20 finance ministers gather in India this week.
Treasury Secretary Janet L. Yellen called on Sunday for international creditors to speed up their efforts to provide debt relief to developing countries facing default, arguing that shoring up their deteriorating finances would benefit the global economy.
Speaking in Gandhinagar, India, ahead of a gathering of finance ministers from the Group of 20 nations, Ms. Yellen cited a recent agreement among international creditors, including China, to help Zambia pay its debts. She said that the agreement, which took more than a year to negotiate, should be a blueprint to use in helping other nations…
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