G20 finance ministers ended their two-day meeting on Thursday, April 13, but again failed to issue a joint statement, apparently due to disagreements over Russia's war against Ukraine, jeopardizing efforts to step up coordination amid slow economic growth, debt crisis. It is reported by Kyodo.

Indian Finance Minister Nirmala Sitharaman, who was one of the organizers of the meeting, said that issues such as the current state of the global economy and ways to strengthen the international financial architecture were discussed..

Sitharaman noted that issues related to cryptocurrencies were also discussed, and there was a "

She told a press conference that the discussions were "

However, there was not even a statement from the leading country, at a time when the G20 is facing a test of its relevance and effectiveness as a multilateral structure for overcoming crisis situations..

The G20 ministerial meeting took place on the sidelines of meetings organized by the International Monetary Fund and the World Bank in Washington.

All members of the group, except China and Russia, criticized Moscow for invading Ukraine - a repeat of the deep divide that accompanied the previous meeting of finance ministers in February..

Since then, financial markets have been gripped by concerns about the health of the banking sector, as well as increased uncertainty about the pace of aggressive rate hikes by central banks in major economies.. This week, the IMF cut its global growth forecast for 2023 to 2.8% from 2.9%..

This comes as the US Federal Reserve and other major central banks are raising interest rates to tame inflation, which benefits their currencies, in particular the US dollar..

However, higher rates and a stronger dollar are making it harder for low- and middle-income countries that have taken on huge debts to pay back in dollars.. The weakening of currencies led to an increase in prices for imports of energy and raw materials for such countries.

At a previous meeting, G20 finance ministers called for "

Sri Lanka is one country that has shown debt vulnerability, prompting the IMF to approve a $3 billion loan. Its main creditors - China, France, India, Japan and France, are members of the G20.

The bailout comes after China decides to back Sri Lanka's debt restructuring.

Japanese Finance Minister Shunichi Suzuki has called for greater accuracy and transparency in debt data to prevent future crises, apparently given Chinese lending practices that have been criticized as opaque..

“We expect data sharing to become a well-established practice and be widely shared among more creditor countries,” he said..

Along with the G7 countries - the UK, Canada, France, Germany, Italy, the United States and Japan, as well as the EU, the G20 includes Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, South.

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For thirty years, Ukraine, unlike Russia, showed a very fragmented and situational interest in India, which led to the loss of relevant ties between the countries..

This is acutely felt today, when Ukraine is in trouble.. Even with its G20 presidency, India is trying to move away from the dominance of the Russian-Ukrainian conflict on the agenda of the upcoming summit in September..

This week, Deputy Minister of Foreign Affairs of Ukraine Emine Dzhaparova paid a visit to India. What were her goals Have you been able to reach them What should Kyiv expect from New Delhi in the near future? Find out in Natalia Butyrskaya's article \?