South African President Cyril Ramaphosa is rallying G20 leaders to tackle the world’s financial "architecture" and wealth gaps at this month’s summit in Johannesburg. 🚀 With a focus on reforming institutions like the World Bank and IMF, he’s pushing for a system that works for all nations—not just the wealthy few.
💰 Debt Relief on the Agenda
Ramaphosa called out the "debt vulnerabilities" squeezing low- and middle-income countries, limiting their ability to fight poverty or invest in green energy. The summit aims to finalize a plan to handle debt crises "predictably and fairly"—think of it as a global financial first-aid kit. 🩹
📊 Inequality Under the Microscope
A bombshell report by Nobel winner Joseph Stiglitz’s committee dropped this week, urging tax reforms for mega-corporations and the ultra-rich. Ramaphosa wants the G20 to create a watchdog panel to track inequality trends—like a Fitbit for economic fairness. 📉➡️📈
🌱 Sustainable Development Push
Brazil’s G20 groundwork on boosting development banks could get supercharged, helping countries hit climate goals while reducing poverty. "This isn’t just about money," Ramaphosa stressed. "It’s about rewriting the rules for a fairer future." ✊
