G20

As nations find themselves in a stalemate at the ongoing UN climate talks, there are rising hopes that the G20 leaders gathering thousands of miles away may spark vital support for a resolution aimed at aiding developing nations. Stranded halfway through a two-week-long negotiation period housed in a vast arena in Azerbaijan, diplomats are struggling to inch closer to an agreement that could ultimately decide the fate of COP29. The government ministers diving into discussions in Baku are racing against the clock, with a…

Angela Merkel convened again, on Friday 27 August 2021, a meeting of the "Compact with Africa", an initiative that brought together twelve countries launched after the German Presidency of the G20 2017. If we previously spoke mainly about economics, the meeting has this time took place in hybrid form and was particularly devoted to the Covid-19 pandemic and vaccines. It was also for the German Chancellor…

The most important financiers of the G20, throughout this yr's presidency of Italy, spoke at a video convention alongside the World Financial institution and Worldwide Financial Fund's spring conferences. Finance ministers and central financial institution governors have promised not to finish measures to help economies prematurely. Additionally they referred to as for intensified assist to essentially…

No spectacular announcements about African debt at the G20 summit held practically this weekend. The countries in the south, and in particular Africa, were hoping for details after the G20 funding that had been held a week earlier. We talked about a new mechanism for debt restructuring in poor countries involving creditors like China. But obviously we have to wait for new messages.…

The G20 finance ministers have adopted a new framework that will make it possible to reduce, or even eliminate, some of the debt of the poorest countries in the world. One week before the next G20 summit, finance ministers have decided to go beyond the current moratorium on the debts of poor countries, a moratorium extended to June 2021, but not enough, while some countries in the south are already…

The finance ministers of the G20 countries have decided to extend the moratorium on debt service in the poorest countries by six months (until June), which has already given 46 countries out of 73 the right to suspend a global repayment amount estimated at five billion dollars. The moratorium was expected, although the IMF and the World Bank, as well as a number of NGOs fighting poverty, this gesture is still insufficient given the needs of poor countries. An extension of the moratorium was expected. But many were hoping…