India not planning to invite Ukraine to upcoming G20 summit in September
PBS NewsHourJUL 2023
The world is dangerously close to a devastating debt crisis that would undo years of economic progress by developing nations, yet the G20 countries have failed to create a plan to help struggling nations. As countries sit in limbo, international organizations talk about prioritizing a new Common Framework while making little-to-no progress. It may not seem significant to the world's largest countries, but millions of lives depend on avoiding a debt crisis that is becoming increasingly likely.
Despite the roadblocks, progress is being made towards a debt restructuring framework that will help developing countries avoid a crisis and get back on the right track. Most G20 countries are doing great work to push the ball forward despite the hurdles brought by China's unwillingness to get a deal done. We're not there yet, but the G20 is getting close to an equitable Common Framework for all parties.