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AU and G20: membership will give Africa more say on global issues – if it speaks with one voice

AU and G20: membership will give Africa more say on global issues – if it speaks with one voice

AFTER seven years of advocating for full membership, the African Union (AU) will join the Group of 20 “most important industrialised and developing economies”. It becomes the second regional bloc to join the group after the 27-member European Union (EU). The G20 was established after the 1999 Asian financial crisis as an informal grouping of ministers of finance and central bank governors. It grew out of the G7, which was formed in 1975 to deal with another complex global financial and economic crisis. ULF ENGEL, Professor, Institute of African Studies, University of Leipzig Since 2008, the G20 has met at…
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Analysis: Poor nations face peril over elusive G-20 debt relief push

Analysis: Poor nations face peril over elusive G-20 debt relief push

KARIN STROHECKER and ANDREA SHALAL A failure to secure meaningful progress on debt relief for the world's poorest nations at the International Monetary Fund and World Bank annual meeting in Washington has left policymakers, campaigners and investors frustrated. Two years ago the Group of 20 launched the Common Framework - a mechanism designed to provide a swift and comprehensive debt overhaul to nations buckling under debt burdens after the COVID-19 shock that would reach beyond temporary debt payment moratoriums. But results have proven elusive, hampered by a combination of a lack of progress in bringing key creditors around the table…
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