On the 6th, South African President Ramaphosa stated in Cape Town, the legislative capital of South Africa, that South Africa looks forward to reaching a consensus and commitment to reform the international financial system at the G20 Leaders' Summit to be held in Johannesburg later this month. In the afternoon of the same day, Ramaphosa answered questions from members of the South African National Assembly and said that South Africa has made "solidarity, equality, and sustainability" the agenda theme during its presidency of the G20, and is committed to building a more stable, effective, and resilient international financial system. South Africa looks forward to reaching consensus at this summit on strengthening multilateral financial institutions such as the World Bank, International Monetary Fund, and African Development Bank, so that they can more effectively help countries achieve sustainable development goals. On November 6th, in Cape Town, South Africa, South African President Ramaphosa answered questions from members of the National Assembly. Xinhua News Agency (photo by Habiso Mbabela) Ramaphosa said that debt vulnerability limits the fiscal space, growth potential, and ability to address poverty and inequality in low - and middle-income countries. South Africa looks forward to making political commitments to address this issue at this summit and further promoting the implementation of the G20 Common Framework for Debt Management. Ramaphosa also said that South Africa looks forward to the summit supporting the strengthening of the global financial security network and enhancing the representation of developing economies in international economic and financial decision-making. The 20th G20 Leaders' Summit is scheduled to be held in Johannesburg, South Africa from November 22nd to 23rd. (New Society)
Edit:Yi Yi Responsible editor:Li Nian
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