India invites 120 nations to G20 plus summit to discuss debt traps & other concerns

India invites 120 nations to G20 plus summit to discuss debt traps & other concerns As G20 chair, India has invited more than 120 countries, including some non-G20 members, to a virtual summit to be held next week to discuss mounting debts and inflationary pressures brought on by the Covid-19 pandemic and the Russia-Ukraine war, Foreign Secretary Vinay Mohan Kwatra announced at a briefing Friday. The ‘Voice of Global South’ Summit, to be held on 12 and 13 January comes amid global concern over China’s debt trap, which has affected multiple countries across the world, including in the immediate neighbourhood.Restructuring development and aid finance and how to avoid falling into “debt traps” will be discussed at the summit’s finance ministerial meetings, Kwatra said.. [Read more]( If you would prefer not receiving our emails, please [Click Here](