Zimbabwe's Vice President Constantino Chiwenga called on major economies at the G20 Summit to establish a more equitable international financial framework that enables development for poorer nations. He argued that restricted market entry, discriminatory commercial policies, and expensive lending terms prevent emerging economies from achieving sustainable growth under current arrangements.
The Vice President emphasized reforming debt resolution mechanisms and advocated for creative approaches such as converting obligations into climate or development investments. He requested that Zimbabwe be allowed to participate in the G20 Common Framework for handling sovereign debt matters.
South African President Cyril Ramaphosa opened the gathering by highlighting multilateral cooperation as essential for addressing global challenges spanning commerce, environmental issues, technology, and public health.
The Vice President emphasized reforming debt resolution mechanisms and advocated for creative approaches such as converting obligations into climate or development investments. He requested that Zimbabwe be allowed to participate in the G20 Common Framework for handling sovereign debt matters.
South African President Cyril Ramaphosa opened the gathering by highlighting multilateral cooperation as essential for addressing global challenges spanning commerce, environmental issues, technology, and public health.
