G20 Summit

G20 Summit

The recent G20 Summit allowed for critical engagement

on efforts to address major global economic challenges.

The summit was attended by the Heads of State and Government of the G20 member countries which

collectively account for 85 percent of global economic activity and two-thirds of the world’s population.

President Cyril Ramaphosa also attended the summit, which took place in Osaka, Japan.

The Presidency said that in the interest of advancing African development, the leaders reaffirmed their commitment

to the timely implementation of the 2030 Agenda for Sustainable Development and the Addis Ababa Action Agenda.

 “There are also enhanced roles for the World Bank, African Development Bank and International Monetary Fund to implement the Compact with Africa.

This initiative will contribute to the realisation of the African Union’s Agenda 2063,” the Presidency said.

On trade and investment, the summit committed to working towards a free, fair, non-discriminatory, transparent, predictable, stable and open market environment.

On digitalisation, global leaders agreed that to harness the full potential of data,

there needs to be a data flow with trust to be enabled through international policy discussions on the sharing of good practices and regulatory frameworks.

Looking ahead, the leaders of the G20 committed to implementing the anti-corruption action plan for 2019-2021, which strengthens synergies among related international instruments.

There was also a strong will among the majority of the member countries to pursue the 2015 Paris Climate Agreement’s goals of dealing with climate change.

These will be in addition to their efforts to curbing illicit fi nancial flows. President Ramaphosa used the summit to solidify relations with several countries.

Among them were the standing trilateral meeting with the African Union Chair, President Abdel Fattah el-Sisi of Egypt and New Partnership for Africa’s Development Chair President Macky Sall of Senegal.

The Presidency said these discussions made it possible for these leaders to consolidate Africa’s position around the summit’s agenda.

President Ramaphosa was also invited to participate in the ChinaAfrica Leaders Meeting which exchanged views on the priorities for G20,

Forum on China-Africa Co-operation and Africa’s development agenda.

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