The G20 discusses global debt crises

The meetings of finance ministers and economic leaders in the G20 are taking place amid extremely delicate and complex global circumstances, as the economic and geopolitical repercussions resulting from the confrontation with Iran cast a heavy shadow on international markets.

At the top of the discussion agenda are the escalating debt crises and record borrowing costs, which constitute a heavy burden that threatens the financial stability of developing and developed countries alike.

In the midst of these intertwined financial challenges, the US administration continues its aggressive diplomatic efforts to mobilize international support and intensify pressure on Tehran by expanding the circle of economic sanctions, which links the global financial fate to the rapid security developments in the region, and requires finance ministers to coordinate efforts to search for urgent mechanisms to contain the impending crises and prevent the escalation of turmoil in global markets.