https://arab.news/n89qr
The 2025 G20 Summit, to be hosted by South Africa on Saturday and Sunday, offers a critical opportunity for global leaders to coordinate action on several significant and systemic challenges that are posing risks to economic stability, development and sustainability. Many countries are today facing heightened uncertainty across several sectors, including the economic, environmental and social landscapes.
Some of the key issues to be addressed are global debt sustainability, the urgent need to reform governance structures in major financial institutions, the acceleration of the green energy transition and the reinforcement of food and water security. These issues are not isolated but intertwined, meaning they require coordinated and forward-looking policies to chart a sustainable and inclusive path.
Firstly, global debt levels have risen to unprecedented levels, particularly in low- and middle-income countries, partially thanks to high and rising interest rates. In many developing countries, this issue has left them with limited fiscal space for essential public investment in areas such as health, education and infrastructure. For instance, numerous African nations have seen their debt-to-gross domestic product ratios more than double over the past decade.
