The G20 established the Common Framework for Debt Treatment in 2020 to help heavily indebted countries manage their debt more effectively.

However, the framework has faced criticism for its slow implementation and resistance from some creditors.

National Treasury's Director-General, Duncan Pieterse, emphasised that SA aims to advocate for borrower countries.

"This will include closer G20 attention on finding ways to improve debt restructuring, supporting countries with liquidity challenges, and also encouraging the development of local currency markets to attract domestic savings and improve debt transparency," Pieterse stated.

--ChannelAfrica--