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Saudi Arabia, one of the members of the G20, had come to the defence of poor countries in Africa in 2020.

Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, deputizing for Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, inaugurated the Saudi-African Summit in Riyadh on Friday. “The Kingdom of Saudi Arabia and African countries are keen to enhance cooperation in a way that contributes to establishing security and peace in the region and the whole world,” said Crown Prince Mohammed in opening the summit.

Annual Meetings Chairman, Sergii Marchenko, Minister of Finance of Ukraine, World Bank President Ajay Banga, and Managing Director of the International Monetary Fund Kristalina Georgieva speak at the October 13th plenary session of the Annual Meetings in Marrakech, Morocco.

Many low-income and emerging economies are facing heavy debt burdens, limiting their ability to invest in education, healthcare, social protection, and infrastructure. For some, debt is already unsustainable. How can countries and their development partners chart a course for resilient economies and a brighter future for all?

Some fundamental problems with the IMF’s Common Framework for debt restructuring have become apparent. Not the least, debt restructuring shouldn't just be an issue for low-income countries.