Ramaphosa Calls for Urgent Global Action on Africa's Debt Crisis

Ramaphosa calls for urgent global action on Africa's debt crisis

GLOBAL | South Africa Urges Global Action on Africa’s Mounting Debt Crisis

South Africa, which currently chairs the G20 group of major economies, has called on wealthier nations and multilateral lenders to take urgent steps to address Africa’s deepening debt crisis. Highlighting the immense funding gap facing the world, President Ramaphosa said: “It is estimated that the world needs an extra $4 trillion a year to meet the UN Sustainable Development Goals by 2030, a gap which can only be closed through more affordable, …

G20 chair calls for urgent global action on Africas debt crisis

Poor nations are paying more on interest to creditors than they invest in their people, the South African president has saidSouth African President Cyril Ramaphosa has called for urgent and collective global action to address the growing debt burden that is crippling many developing countries, especially in Africa.In his weekly letter to the nation, Ramaphosa highlighted the need for sust