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The repeated calls follow the close of the third G20 finance ministers and central bank governors meeting in KwaZulu Natal.
South Africa urged G20 countries to show global and cooperative leadership to tackle challenges including rising trade barriers, as the club's finance chiefs met on Thursday under the shadow of President Donald Trump's tariff threats.
This is not only a strategic investment — it is one that can boost growth, create business opportunities, and reduce pressure on public budgets in key member states,” said Klingbeil.
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Daily Maverick on MSNThe Road Ahead is Steep But Not Insurmountable: How South Africa’s G20 Can Still Deliver for Debt and DevelopmentThe global economy has slowed and become less supportive of developing countries, leaving African nations increasingly reliant on international markets to fill the gap in their development financing needs.
South Africa should join others at the G20 to support universal social protection systems, and not means-tested systems that base eligibility for support on income, ...
The G20 finance ministers stressed Friday that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell.
G20 chair South Africa warned Thursday that abandoning the rules-based global order and declining cooperation could derail 2030 development goals to end hunger, eradicate extreme poverty and fight climate change.
"The G20 was built around a presumption that all the world's major economies shared a common interest in a stable, relatively open global economy," said Brad Setser of the Council on Foreign Relations. "But Trump doesn't really care about stability and wants a more closed global economy."