Also Read: India remains concerned about global economic outlook, geopolitical environment: Sitharaman

The minister said G20 countries recognise the urgency to address vulnerabilities as well as strengthen multilateral coordination towards countering the increasing debt distress in low-income and middle-income countries. To a question, Sitharaman said, "We found that almost all of them, inclusive of creditors, public creditors, private, all of them said it has to be addressed at the earliest. So, I think even the country that you named China had all agreed that it has to be speedily dispense with that as a greater step forward".

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"Because once you recognise that you have to do it in time and at the earliest, it moves faster. I expect the resolution for many of these countries, I named a few, maybe there are a few others I didn't name, will have their resolutions done at earliest," Sitharaman said. The Global Sovereign Debt Roundtable was held by the IMF, the World Bank and India that holds the G20 presidency. "There has been absolutely positive discussion going on. There was one held much before we met in Bengaluru. All stakeholders in debt distress related matters were there, private participants were also there, affected countries which have been waiting for one or two years and some others who are now getting relief were also present," the minister said. So, this discussion seems to have gone in a very positive note and "you mentioned China, but I thought in the meeting, all were positively engaged", she said.

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