Mthuli pushes for interest payment suspension

FINANCE minister Mthuli Ncube yesterday called for reform of the G20 framework, advocating the suspension of all interest payments when a country initiates debt restructuring.

This, according to him, would enable the country to allocate funds towards other essential programmes while undergoing the debt relief process.

The framework was intended to deal with insolvency and protracted liquidity problems, along with the implementation of an International Monetary Fund (IMF)-supported reform programme.

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