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G20 Again Pays Lip Service to Developing World Debt Relief But Still Refuses to Do Anything To Resolve the Crisis

by Eric Olander
(From L to R) Italian Director General of Treasury Alessandro Rivera, U.S. undersecretary of International affairs department of treasury Andy Baukol, and Britain Director General International Finance Lyndsey Whyte attend the opening of the G20 finance ministers’ meeting in Jakarta on February 17, 2022. BAY ISMOYO / POOL / AFP

Finance ministers and central bank heads from the world’s twenty largest countries wrapped up their latest get-together in Jakarta on Friday without any meaningful progress on the burgeoning debt crisis in developing countries. 

Instead, everyone seemingly blamed everyone else for not doing enough.

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