G20 in South Africa to focus on climate and debt relief
Reuters
The G20 summit in Cape Town, South Africa, is focusing on financing recovery for nations hit by climate-induced disasters and extending debt relief to developing countries.
As the first African nation to lead the forum, South Africa aims to drive discussions on bolstering economic cooperation and fostering inclusive growth.
President Cyril Ramaphosa emphasized the urgency of addressing unsustainable debt levels, which hinder infrastructure, healthcare, and education investments in low-income nations. The summit also highlights fairer benefits from Africa’s critical minerals and increased funding for renewable energy projects.
The event marks a pivotal moment for Africa’s leadership on the global stage, with Johannesburg set to host next year’s G20 summit.
Reuters
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