Group of Thirty calls for urgent, concerted efforts to tackle debt crisis

WASHINGTON, Oct. 14 (Xinhua) -- The Group of Thirty (G30) on Wednesday said rising debts had threatened funding for development priorities such as public health among the most vulnerable countries, calling for urgent policy response to support the poorer.

"A lost decade of growth in large parts of the world remains a plausible prospect absent urgent, concerted, and sustained policy response," according to a newly released preliminary report titled Sovereign Debt and Financing for Recovery After the COVID-19 Shock.