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South Africa President and current G20 Chairperson, Cyril Ramaphosa has expressed support for the African Leaders Debt Relief Initiative (ALDRI) in a speech delivered during the opening of the first G20 Finance Ministers and Central Bank Governors’ meeting in Cape Town.
Eight former African Heads of State and Government have signed the Cape Town Declaration, calling for the critical need for debt relief for highly indebted nations and advocating for lower borrowing costs for all developing countries.