President Ramaphosa endorses ALDRI

March 5, 2025
President Ramaphosa meets some of the former African leaders who make up ALDRI. From left to right: HE Macky Sall, Former President of the Republic of Senegal, HE Dr. Ameenah Gurib-Fakim, Former President of the Republic of Mauritius, HE Cyril Ramaphosa, President of South Africa, HE Joyce Banda, Former President of the Republic of Malawi, HE Hailemariam Desalegn, Former Prime Minister of the Republic of Ethiopia and HE Yemi Osinbajo, Former Vice President of the Federal Republic of Nigeria. © ALDRI

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.

In his address, he stated: 

“Yesterday I had the honour of meeting seven former African Heads of State and Government who have started the African Leaders Debt Relief Initiative. This initiative focuses on the challenges that many African countries are facing in servicing their national debt. They would like to see greater urgency in addressing the debt and solvency challenges many countries face and determine clear solutions to mobilise low-cost financing for development. I welcome and support their endeavours.”

The former leaders met President Ramaphosa in Cape Town on 25th February, advancing the African Leaders Debt Initiative. He expressed his strong support for the initiative, and posted the meeting on his social media stream.

 

© ALDRI