The G20 calls for attention to the issue of the sustainability of African debt.

On the 18th, the G20 African Expert Group released a report in Johannesburg, South Africa, calling on the international community to take action to address the issue of African debt sustainability. The expert group submitted the report to South African President Ramaphosa, the rotating chair of the G20 on that day. The report points out that African countries face high capital costs, leading to rising borrowing costs and limiting equity investment on the continent. The report calls for expanded concessional financing, improved transparency and accountability of credit rating agencies, and reforms to eliminate biased perceptions of risk in Africa. Ramaphosa said at the report release ceremony that the greatest opportunity for global prosperity in the 21st century lies in Africa, and unlocking this potential requires establishing new partnerships between African countries, the G20, and global institutions to mobilize funds for infrastructure and human development. South Africa, after taking over as the rotating chair of the G20 in December 2024, established the African Expert Group under Finance Minister Enoch Godongwana. The group consists of 26 members, including 20 African experts.