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US Treasury pushes for faster sovereign debt restructuring, fair competition

The US Treasury Department highlighted ongoing efforts to tackle global economic risks on Wednesday, as senior officials detailed discussions on emerging market sovereign debt and trade imbalances during the G20 Finance Ministerial in Asheville. Under the leadership of the Trump administration, Treasury officials emphasised the urgency of making sovereign debt restructurings faster, more transparent, and more predictable to prevent liquidity pressures from stunting growth in developing economies. [...]