With Zambias recent default on debt repayment and global concern over pandemic-related economic impacts, the G20 meeting in Riyadh wrapped up Sunday with a commitment through June for the Debt Service Suspension Initiative (DSSI) to allow developing nations to defer debt payments.
The coronovirus pandemic is not only the greatest health crisis of our time, but also a severe social and economic crisis. The pandemic has set back global efforts to eradicate poverty and narrow inequality, said South African President Cyril Ramaphosa, current chairman of the African Union.
Our recovery from the crisis requires that we redouble our efforts to meet our global obligations as reflected in the UN 2030 Agenda for Sustainable Development particula…
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