G20 Presidency | SA proposes debt relief review

JOHANNESBURG - South Africa has proposed the establishment of a Cost of Capital Commission during its G20 Presidency. 

This would be to address the African continent's high debt burden.

READ: High expectations for South Africa's G20 presidency

A lot of low-income nations are either at high risk of debt distress or already in debt distress.

As the quest to resolve the global debt crisis goes on...

A team of experts has been established to bring this to action, while building a more inclusive and equitable international tax system.

READ: G20 presidency | Discussing priorities with Russia's G20 Sherpa

This is according to Secretary-General of the United Nations, António Guterres.

He says former finance minister, Trevor Manuel is among the appointed experts.