South African Finance Minister Enoch Godongwana has highlighted the growing influence of private lenders in emerging markets, citing their role in exacerbating the debt crisis. He noted that the International Monetary Fund (IMF) and World Bank have a crucial role to play in reducing borrowing costs for these countries. As South Africa takes on its G20 presidency, Godongwana sees an opportunity to address the debt crisis by promoting more affordable borrowing options for emerging markets.
https://africanews.com/2025/01/09/what-is-at-stake-for-african-sovereign-debt-in-2025-business-africa/The incoming US president's disdain for global organisations may have severe financial implications for the UN agency, as a potential threat to cut funding or withdraw could be disastrous. This concern is exemplified by the World Bank, which has been criticized for its unsatisfactory accounting standards that make it difficult to track climate-related project finance.
https://www.scmp.com/opinion/world-opinion/article/3293182/trumps-return-may-spell-disaster-un-agency-finances?module=top_story&pgtype=section