As the first African nation to assume the leadership of the G20, South Africa represents a momentous moment in the history of this important alliance of the biggest economies in the world.
The formal handover of power took place during the G20 conference in Rio de Janeiro, Brazil, on Tuesday.
During his term, South African President Cyril Ramaphosa pledged to prioritize Africa’s development requirements and the interests of the Global South, when Brazilian President Luiz Inácio Lula da Silva formally handed over the presidency.
Ramaphosa declared, “We will take advantage of this chance to raise the Global South’s and Africa’s development priorities within the G20 agenda.”
Developing inclusive economic growth, addressing issues of food security, and utilizing innovation and artificial intelligence to advance sustainable development were the three main goals he set for South Africa’s presidency.
Ramaphosa stated that he intends to guarantee that no person is left behind in the pursuit of greater global economic growth.
South Africa is now the only African member of the G20, which is a group of the biggest economies in the world, according to reports.
A growing worldwide recognition of Africa’s significance in international affairs was demonstrated in 2023 when the African Union was admitted as a member of the forum.
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Spain is a permanent guest of the European Union and 19 other nations that make up the G20. Prominent economies like China, India, Germany, and the United States are among the members.
South Africa, the first African nation to lead the G20, hopes to promote industrialization, employment, and inequality reduction while also advancing dialogue on important international issues.
“As South Africa, we pledge to further the G20’s efforts to achieve more sustainable development and global economic expansion. “We’ll make sure that nobody gets left behind,” Ramaphosa said.
