United Nations Secretary-General Antonio Guterres has expressed serious concerns over the adequacy of current debt relief mechanisms, calling for urgent reforms by the Group of Twenty (G20) nations. Speaking at an event in Johannesburg, Guterres offered scathing criticism of the G20’s ‘Common Framework’, introduced during the COVID-19 pandemic, as being insufficient for addressing global debt issues.
During a visit to South Africa—the first African nation to lead the G20—Guterres underscored the need for meaningful solutions that allow countries to meet basic needs and strive for long-term development. His remarks suggest a definitive call to action for enhancing the capacity of multilateral development banks and ensuring…
