insert_link World UNCTAD chief warns $31 trillion debt crippling developing nations UN Trade and Development Summit 2025 official photo Addressing this year’s UN Trade and Development (UNCTAD) Summit, Secretary-General Rebeca Grynspan warned that developing countries are being held back by a $31 trillion debt burden. She highlighted that record debt repayments, particularly involving the United States, are slowing development progress in these nations. Grynspan urged global leaders to consider debt relief and sustainable financing solutions to help developing countries meet their […] today21 October, 2025
insert_link South Africa SA to Prioritize Development Financing in G20 Presidency South Africa's National Treasury Director-General, Duncan Pieterse, says South Africa will use its G20 Presidency to address financing for development and tackle barriers to growth in developing countries. The Finance and Central Bank Deputies' meeting is taking place in Cape Town this week. The G20 members represent about 85-percent of the world’s gross domestic product and 75-percent of international trade. Pieterse says South Africa has signalled a strong intent to […] today25 February, 2025
insert_link Business / Economics SA to Host G20 Finance Track Meetings in Cape Town To South Africa, where the National Treasury and the South African Reserve Bank will host the G20 Finance Track meetings in Cape Town from today until Thursday, which will include Finance ministers, Central Bank Governors, and their deputies. The G20 Finance Track focuses on fostering global economic stability, enhancing international financial cooperation, and addressing pressing global challenges. SA Reserve Bank Governor, Lesetja Kganyago, says the Finance Track deals with strategic […] today24 February, 2025
insert_link Business / Economics President of S.A urges G20 to renew its efforts to advance debt sustainability 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 […] today21 February, 2025
