FINANCE Minister, Enoch Godongwana, has expressed concern at the slow progress of the G20 Common Framework (CF) for Debt Treatments.
The CF is meant to assist countries to respond to economic fragility, conflict and violence.
The Minister relayed his concern during the recent 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), held from 18 – 23 April 2022.
The overarching theme of the IMF meetings was “The global economy under stress: Repercussions, response and resilience”.
The WBG meetings concentrated on “Investing in resilience, managing uncertainty: Helping countries build a greener, more inclusive future”.
Godongwana participated in the International Monetary and Financial Committee (IMFC), Development Committee (DC), G20 Finance Ministers and Central Bank Governors (FMCBG), G24 FMCBG, and South Africa’s constituency group meetings in both the WBG and the IMF.
On the CF, Godongwana said the countries were “disproportionately vulnerable” to growth shocks.
South
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