Summary
- Africa remains at the epicentre of the global debt crisis, with existing debt frameworks insufficient for addressing the complexities faced by African countries.
- There is a real need to reduce debt burdens, especially for countries facing vulnerabilities like climate change.
- There is a need for comprehensive reforms in global financial and debt structures and to enhance African countries’ voices and decision-making power within these frameworks.
- The upcoming South African G20 presidency, combined with the African Union’s newly established permanent seat, represents a strategic opportunity to place Africa’s debt concerns at the forefront of the G20 agenda and advocate for systemic reforms.
- South Africa has shown a…
