G20 members hope to reach consensus on global financial reforms
Africanews · New
Africanews
New
G20 members are hoping to find a consensus on global financial reforms, as the bloc’s finance and central bank deputies are meeting in Durban. Led by the current South African G20 presidency, the countries want to find new ways to lessen debt burdens and provide better financing for developing nations.
Breakdown
- G20 deputies are meeting in Durban to discuss global financial reforms.
- South Africa is leading efforts to strengthen the international financial system and support developing nations. 9s
- African nations emphasize the need to address high borrowing costs and their impact on public spending. 42s
- Developing countries believe current financial structures contribute to inequality and debt crises. 1m 9s
- G20 finance ministers and central bank governors will continue discussions later in the week. 1m 35s