Asheville, Sept. 1 -- The US Treasury Department highlighted ongoing efforts to tackle global economic risks on Wednesday, as senior officials detailed discussions on emerging market sovereign debt and trade imbalances during the G20 Finance Ministerial in Asheville.

Under the leadership of the Trump administration, Treasury officials emphasised the urgency of making sovereign debt restructurings faster, more transparent, and more predictable to prevent liquidity pressures from stunting growth in developing economies.

"Under America's leadership, the G20 is working to address sovereign debt challenges for such economies in ways that restore confidence. The G20 is making sovereign debt restructurings faster, more transparent, and more pr...