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Africa’s debt crisis, with $1.8 trillion in debt, demands urgent global financial reforms as G20 meets in Johannesburg.
A G20-Africa dialogue in Addis Ababa spotlighted Africa’s debt crisis, with public debt nearing $1.8 trillion and debt servicing surpassing $70 billion—outstripping health, education, and infrastructure spending.
African leaders urged G20 reforms on credit ratings, borrowing costs, and financial autonomy.
A report by Joseph Stiglitz’s panel highlighted extreme global inequality, recommending a permanent international panel.
South Africa will push for debt sustainability and inclusive financing at the upcoming G20 summit in Johannesburg.
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La crisis de la deuda de África, con 1,8 billones de dólares en deuda, exige reformas financieras globales urgentes mientras el G20 se reúne en Johannesburgo.