G20 under India can make progress in debt relief, crypto: Gita Gopinath

Throwing light on the recent crypto meltdown, she said it was clear that internationally agreed standards of regulations had become necessary

G-20, under India's presidency, can make concrete progress on three critical areas: debt relief, regulations of crypto currency and climate finance, International Monetary Fund's First Deputy Managing Director Gita Gopinath said.

Gopinath, who is in India to participate in deliberations held as part of G-20, explained the three areas in a video posted on Twitter.

“We have a large number of low-income countries that are in debt distress. While we have the G-20 common framework to help with debt resolution, we absolutely need to improve the strength of the mechanism and to get much more timely resolution,” she said.

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