The G20 has Failed on Debt. Time to Look to the UN By Theophilus Jong Yungong and Iolanda Fresnillo Copyright © 2025 IPS-Inter Press Service.

https://www.ipsnews.net/2025/11/the-g20-has-failed-on-debt-time-to-look-to-the-un/?utm_source=email_marketing&utm_admin=146128&utm_medium=email&utm_campaign=ICC_Judges_Officials_Under_US_Sanctions_Live_Under_Rigid_Isolation_Unpacking_COPs_Politically_Charge The Group of Twenty (G20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom and United States) and two regional bodies: the European Union and the African Union (as of 2023). The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population. South Africa assumed the G20 presidency on December 1 2024 and will step down on November 30 2025. The next G20 summit will be hosted by the US in 2026. YAOUNDE, Cameroon / BARCELONA, Spain, Nov 24 2025 (IPS) - When South Africa assumed the Presidency of the G20, debt sustainability was placed front and centre, with the promise to launch a Cost of Capital Commission. Many hoped that, with an African country at the helm, the G20 would finally deliver real solutions to the debt crisis gripping the Global South – particularly Africa. Copyright © 2025 IPS-Inter Press Service.