"We are meeting at a moment of ongoing uncertainty in the global economy. While there are signs of resilience in some areas, various challenges remain: uneven growth trajectories, elevated debt levels, persistent inflationary pressures, and the complex implications of tightening financial conditions."
"Our discussions over the coming days are paramount. They provide a vital opportunity to refine our objectives, ensuring that the Working Groups’ priorities are robust, inclusive, and truly reflect the collective aspirations of the G20."
This G20 Note describes debt treatment steps under the non-binding Common Framework, based on initial country cases. It outlines the negotiation process between debtor countries and official creditors, reflecting a shared understanding among G20 and Paris Club countries.
The Working Group's Note reviews recent progress in the Common Framework and efforts to enhance it, based on the G20 Note on Lessons learned from the first cases of the Framework in October 2024.
"The African economies, and indeed here at home, we also face various headwinds. This moment makes the current engagements even more important in revitalising the world economies, and indeed, exploring opportunities for Africa, and South Africa."
G20 Note on the progress achieved in the Common Framework, reflecting the lessons learned from the G20 FMCBG in October 2024.
"The Fourth International Conference on Financing for Development is a crucial opportunity to reshape the global financial system in support of the Sustainable Development Goals."
"If the G20 fails to act decisively against illicit financial flows, to mobilise domestic resources and to finance development equitably, the scaffolding of the Sustainable Development Goals will remain unfinished and the promise that no one will be left behind will ring hollow."
