The financial viability of many countries is being threatened by unsustainable debt, India's Prime Minister Narendra Modi said on Friday, as he called for the Group of 20 (G20) to focus on the world's most vulnerable citizens.

Trust in international financial institutions has eroded, partly because the lenders had been slow to reform themselves, Modi said in a video message at the beginning of a two-day meeting of G20 finance ministers and central bank governors.

"Food and energy security have become major concerns across the world. Even the financial viability of many countries is threatened by unsustainable debt levels," Modi said.

Meanwhile, the Day 1 of the G20 summit will focus on International Finance Architecture, financial inclusion, sustainable finance & infrastructure and financial inclusion.

#G20financeministersmeeting #centralbankgovernorsmeeting #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.

You can also connect with CNBC-TV18 News Online
Catch the latest news: [ Ссылка ]

Follow CNBC-TV18 round the clock: [ Ссылка ]

Stay updated with all the market action in real time: [ Ссылка ]

You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: [ Ссылка ]

n18oc_business

свернуть