G-20 Needs to Fix Debt Revamp Framework, Top African Banker Says

The Group of 20 should consider improving its debt restructuring framework for poor nations, the former vice president of the African Development Bank said.

The G-20 needs to “think about debt restructuring frameworks and how to make them work,” Swazi Tshabalala told a conference in Johannesburg on Wednesday discussing the cost of capital, adding that the bloc needs to commit to firm timelines for implementation.