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France 24
France 24
Business
Charles PELLEGRIN

G20 finance ministers meet as UNDP warns of 'human cost of inaction' on debt

UNDP G20 Achim Steiner Janet Yellen India United States
BUSINESS DAILY © FRANCE 24

US Treasury Secretary Janet Yellen has called on rich countries to speed up debt relief to developing nations ahead of the G20 finance ministers' meeting in India this week. Her call comes as a new report by the United Nations Development Programme (UNDP) shows that the number of countries that spend more than 20 percent of their revenue on debt repayments is at its highest level in over two decades, reducing their ability to invest in social programmes. In today's show, we speak to the head of the UNDP, Achim Steiner.

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