Groups Blast Lack of Progress on Debt Issues During South Africa’s G20 Presidency

Groups say nothing tangible achieved in tackling debt during SA’s G20 presidency

The 165 civil society groups say restructuring processes are too slow and debt reductions are too shallow

Groups blast lack of progress on debt issues during South Africa’s G20 presidency

Half of developing countries in debt distress or at risk of it 165 civil society groups urge South Africa to take action US taking over leadership of G20

Groups blast lack of progress on debt issues during South Africa’s G-20 presidency

The groups urged South Africa to push for reforms before it hands over to the US on Dec 1. Read more at straitstimes.com.

Civil Society Groups Challenge South Africa on Unfulfilled G20 Debt Promises

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/civil-society-groups-challenge-south-africa-on-unfulfilled-g20-debt-promises/More than 165 civil society organizations from across the globe have delivered a sharp rebuke to South Africa’s G20 presidency, arguing that despite rhetoric about prioritizing debt relief for developing countries, the year has produced negligible progress on what they de…

Civil Groups Criticize South Africa For Inaction On Debt Issues At G20

The groups also urged the G20 to push for "radical reforms" of debt restructuring processes, back creation of both an African Credit Rating Agency and a "Borrowers Club" to facilitate cooperation among debtor countries, and to push for an agreement to sell IMF gold reserves to set up a debt relief fund. The post Civil Groups Criticize South Africa For Inaction On Debt Issues At G20 appeared first on StratNews Global.

Groups blast lack of progress on debt issues during South Africa's G20 presidency