Debt relief is high on the agenda in South Africa's G2-presidency as it uses its hosting of the global forum to champion a more inclusive global system.
In this regard, it established the G20 Africa Expert Panel to address Africa's debt crisis, among other issues, proposing solutions such as reforming global financial structures, enhancing local currency bond markets, and boosting domestic resource mobilisation.
The expert panel, led by former South African finance minister Trevor Manuel, emphasises a shift from aid to investment-driven growth, advocating reforms that lower capital costs for African nations and increase their agency in development .