South Africa Wants G-20 Rethink of Poor Nations’ Debt Costs

South Africa wants the Group of 20 to reassess the system it set up four years ago to restructure poor nations’ debt because it doesn’t consider the full extent of their burdens, Finance Minister Enoch Godongwana said.

“We need a better review of the Common Framework,” he said. “It’s insufficient to deal with the kind of challenges we’re dealing with in terms of debt service costs.”