Tau calls for G20 commission on cost of capital
Seven former heads of state have launched an initiative calling for urgent debt relief and fairer borrowing terms for African nations
25 February 2025 - 14:55
UPDATED 25 February 2025 - 19:06
Trade, industry & competition minister Parks Tau wants the Group of 20 (G20) to establish a commission on the cost of capital, the high cost of which hinders the growth of African businesses.
The role of the commission would be to work towards achieving equity in the access to capital and the cost of capital. High debt costs can crowd out the funding that developing countries need to invest in development...
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