BENGALURU, India, Feb 21 Reuters G20 finance ministers and central bank governors will discuss debt troubles in developing economies, crypto currencies and global inflationary pressures at a meeting later this week, Indian officials said on Tuesday.

The Feb. 2225 meeting in the Nandi Hills summer retreat near Bengaluru is the first major event of India39;s G20 presidency. The meeting straddles the Feb. 24 anniversary of Russia39;s invasion of Ukraine and the war is likely to be high on the agenda.

Unblocking debt restructuring for distressed economies and boosting aid for Ukraine is expected to take prominence at the meeting, where U.S. Treasury Secretary Janet Yellen is also expected to press China to quickly deliver on debt relief for low and middle income countries.

India39;s presidency of the bloc comes at a time when neighbouring South Asian countries Sri Lanka, Bangladesh and Pakistan have sought a bailout from the International Monetary Fund IMF over the past year due to an economic slowdown caused by the COVID19 pandemic and the Ukraine war.

Reuters reported last week that India is drafting a proposal for G20 countries to help debtor nations by asking lenders, including China, the world39;s largest sovereign creditor, to take a large haircut on loans.

While thinking about debt concerns faced by countries, it is also important to think about what we can do to forestall them, India39;s Chief Economic Adviser V Anantha Nageswaran told reporters at a news…