Modi acknowledged it's not an easy task, but urged the nations to work collectively to strengthen multilateral banks for meeting global challenges like climate change and high debt levels
A greater proportion of poorer-country debt is now owed to commercial lenders, which offer shorter maturities, and capital markets have largely closed to many governments
According to CARE Ratings, upgrades in rated debt can be attributed to higher demand with the economy opening up after lockdowns, releasing pent-up demand, and lower cost of capital
Lenders of the debt-ridden Future Retail Ltd have approved a plan to restructure the existing financial debt of the company under an RBI announced resolution framework for Covid-19 related stress
Debt capital market underwriting fees totalled $201.2 million, up 108.7 per cent from a year ago - the best-ever first three quarters since records began in 2000