Business / Economics

President of S.A urges G20 to renew its efforts to advance debt sustainability

today21 February, 2025

Background

President Cyril Ramaphosa of S.A has urged the G20 to renew its efforts to advance debt sustainability, with a particular emphasis on African countries. The president delivered the opening address at Thursday’s G20 foreign ministers’ meeting at Nasrec in Johannesburg. South Africa is hosting the first meeting of foreign ministers since taking over the G20 presidency from Brazil in December. Ramaphosa says more than 3.3-billion people live in countries where interest payments on debt exceed education or health spending:

 

Written by: Leonard Witbeen

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