WATCH: UN chief urges G20 to fix ‘unfair’ global financial system, deliver real debt relief for Africa

Inside Politics Reporter

United Nations Secretary-General António Guterres has said that the world’s financial architecture is “unfair and ineffective”, and urged G20 leaders meeting in South Africa this weekend to deliver reforms that would ease the debt burden on developing countries and improve the lives of ordinary people.

Guterres was speaking at a media briefing in Johannesburg on Friday evening, ahead of the G20 Leaders’ Summit, which begins on Saturday.

Asked whether G20 commitments on sustainable finance, debt reform, and climate adaptation would translate into tangible benefits for ordinary South Africans, Guterres said President Cyril Ramaphosa had correctly prioritised the needs of poorer nations for the summit.

“I first of all, pay tribute to the leadership of President Ramaphosa, I think he has put on the table all the issues that matter in relation to the needs, the financial and economic needs of developing countries in general, and African countries