WASHINGTON (Reuters) – Leaders of the Group of 20 major economies should move quickly and decisively to reduce the debts of heavily indebted countries or risk a “lost decade” in terms of development, World Bank chief economist Carmen Reinhart said on Wednesday.
G20 finance ministers are scheduled to hold an extraordinary meeting in early November to finalize work on a common framework for dealing with debt issues that was agreed in principle at their last meeting earlier this month, she said.
(Reporting by Andrea Shalal; editing by Jonathan Oatis)
