On Monday, a total of 165 organizations criticized South Africa for its stagnant progress on debt sustainability issues during its tenure as the G20 President. The organizations are urging the country to push for necessary reforms before the U.S. takes over on December 1.

In a formal letter addressed to South African President Cyril Ramaphosa, released in coordination with the annual International Monetary Fund and World Bank meetings in Washington, the groups demanded the cancellation of unsustainable and illegitimate debts to free up critical funds for education, health, gender equality, and climate resilience. Significant reforms in debt restructuring and support for an African Credit Rating Agency and a Borrowers Club have been recommended.

The organizations noted that developing cou

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