Eight former African Heads of State and Government have signed the Cape Town Declaration, a landmark call for urgent debt relief for highly indebted nations and reduced borrowing costs for all developing countries.
The declaration was endorsed at the launch of the African Leaders Debt Relief Initiative (ALDRI), a collective push for comprehensive reforms in the global financial system.
The initiative was unveiled during the G20 Finance Ministers’ meeting in Cape Town, where South Africa, as the current G20 President, has placed debt sustainability at the core of its agenda. The declaration also aligns with the African Union’s Agenda 2063, reflecting the continent’s long-term economic aspirations.
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