By Michel Haoses.
The first meeting of the G20 Finance Ministers and Central Bank Governors took place in Cape Town, South Africa, from 26 to 27 February.
At the meeting, the International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva highlighted the need for global support and cooperation and affirmed the IMF’s role.
Georgieva noted that while domestic reforms are essential, external support is needed to implement these reforms through capacity development, concessional external support, and actions to attract private investment
“There is also an urgent need to address debt challenges. A few countries may need to restructure their debt, while many more face high interest payments and…
