October 9, 2018 / 10:17 AM / 7 months ago

World financial leader must reduce debts, rebuild trust: German official

FILE PHOTO - German Finance Minister Olaf Scholz speaks during the 2019 budget debate at the lower house of parliament Bundestag in Berlin, Germany, September 11, 2018. REUTERS/Hannibal Hanschke

BERLIN (Reuters) - German Finance Minister Olaf Scholz will urge world financial leaders during their meeting in Indonesia later this week to lower debt levels and rebuild trust in international organisations, a senior government official said on Tuesday.

“It will be about regaining trust for international organizations and strengthening the global, rules-based trade order,” the government official said on condition of anonymity.

Reporting by Gernot Heller; writing by Michael Nienaber; editing by Alexander Ratz and Thomas Seythal

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