# President Cyril Ramaphosa says an important part of South Africa’s response to inequality is to promote debt sustainability, especially for developing economies. He says in his weekly newsletter interest on sovereign debt repayments, particularly in Africa, is stifling public spending and economic growth. Ramaphosa says South Africa is using its G20 presidency to advocate for the reform of the global financial architecture. He calls for multilateral development banks to have an inequality-reducing agenda.
Ramaphosa says SA’s G20 presidency is advocating for the reform of the global financial architecture