'G20 must analyse instability in fin markets' - Times of India
[ad_1]
Russia 's G20 sherpa Svetlana Lukash says there is no place and time in the all-powerful group to discuss one regional conflict that has dominated the minds of western nations. In an interview to TOI, she said many G20 countries are concerned about the banking crisis and it should be analysed. Excerpts: How is the mood inside with regard to Russia? The G20 agenda is much broader and much more important than one issue, which is in the interest of a limited group of countries. The world faces unprecedented challenges right now. We have fragmentation in global trade, we have high inflation, we have disrupted global value chains after the pandemic that threatens global growth. We have highly indebted countries especially when it is least developed and low-income countries and we have low progress in implementing the sustainable development goals. With these global challenges, G20's efforts are needed to solve these issues to provide coordinated action. There is no plac...