"It is South Africa’s firm view that these themes can best be taken forward through the collective actions of institutions like the G20 and various multilateral institutions of the world, especially the United Nations, the WTO, and global financial institutions, which should be reformed and be more representative and responsive to the needs of the citizens of the world," the South African top official said.
"In addition to huge gaps in economic capabilities and levels of human development, countries of the Global South face a lack of predictable financing for development and climate change, high levels of debt, and vulnerability to pandemics. Debt sustainability for low-income countries is one of the four priorities of South Africa's G20 presidency," the leader also pointed out.