Yet Another Failed G20 Debt Gathering

China's Finance Minister Liu Kun (L) emerges during a break in the G20 Finance Ministers' meeting in Gujarat, India. Image: Puni Paranjpe / AFP

A meeting of finance ministers and central bank heads of the G20 group of leading economies produced few results despite increasingly shrill calls for action to help the roughly 50% of developing countries stalked by debt distress.

Progress at the ministerial meeting, taking place in Gujarat, India, was held back by patchy attendance. The UK, Germany, Argentina, France, Brazil, and Mexico refused to send ministers. The largest delegation was from the U.S.

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by Cobus van Staden

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