This comes as many developing countries including those in Africa still face low growth that makes it difficult to reduce poverty, tight financing conditions and high levels of debt.
National Treasury says there’s an urgent need to improve debt restructuring and to address liquidity challenges faced by developing economies as South Africa sets the tone for its G20 Presidency.
The high levels of debt have again raised concerns among global leaders meeting in Sandton for the start of the 2025 G20 term led by South Africa. Speaking at the start of the meeting of the finance track on Wednesday, the Director-General at the National Treasury - Duncan Pieterse - reaffirmed a commitment to improve debt sustainability.
Ewn News News Eyewitness News Eye Witness News Latest News News Today Ewn South Africa Ewn-News Primedia+ Primedia Plus Prime Media Plus
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
National Treasury Launches Online Survey on Renewable Energy Tax IncentivesThe National Treasury invites public participation in an online survey to review two renewable energy tax incentives introduced in the 2023 Budget Review. The incentives aim to encourage investment in clean energy to boost energy supply and mitigate the energy crisis. The survey will help evaluate the effectiveness of these incentives and inform future tax policies.
Read more »
National Treasury's 'Bank Account Closure' Legislation Amendment Becoming UrgentProtecting the economic participation rights of individuals and businesses is critical. It is part of fostering an inclusive financial ecosystem.
Read more »
Eastern Cape Finance MEC delivers R700 million Policy Statement - SABC NewsMvoko says they were not allocated additional funds by the National Treasury
Read more »
South Africa declares national disaster amid surge in foodborne illnessesSouth Africa faces a rising tide of foodborne illnesses, declared a national disaster. Discover the government's crucial response measures and how you can help protect yourself and your community against this growing threat to public health.
Read more »
Airbnb Supports National Registry for Short-Term Rental Hosts in South AfricaAirbnb endorses the Department of Tourism’s proposal for a national registry for short-term rental hosts, while the department is finalizing its policy framework for regulating short-term rentals with a differentiated approach.
Read more »
National Endowment for Democracy: Be Careful of Foreign Interference in South Africa's Stable DemocracyIt is responsible citizenry to question – without fear – national developments through active participation in the public discourse.
Read more »