On Monday, 165 organizations condemned South Africa for making little progress on debt sustainability during its G20 presidency, urging the country to advance reforms before handing over leadership to the United States on December 1.

In a letter to South African President Cyril Ramaphosa released on the first day of the annual International Monetary Fund and World Bank meetings in Washington, the groups called for “the cancellation of all unsustainable and illegitimate debts, from all creditors” to protect funds needed for education, health, gender equality and climate resilience.

They 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 cou

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