No single debt target for all G20 countries: Russia

A debt-cutting proposal that the world’s 20 largest economies plan to agree on later this year will have different targets for countries depending on their economic conditions, Russia’s deputy finance minister said.

Russia also gave a hint of what to expect from the Group of 20 finance ministers’ meeting later this week, saying the G-20 should stick to its previous pledge to avoid competitive devaluations and let the market determine exchange rates.

via Business feed http://www.scmp.com/business/economy/article/1217348/no-single-debt-target-all-g20-countries-russia