President Cyril Ramaphosa has outlined South Africa’s objectives and priorities for its G20 Presidency at the World Economic Forum (WEF) in Davos.
– President Cyril Ramaphosa has outlined South Africa’s objectives and priorities for its G20 Presidency at the World Economic Forum in Davos.
The upcoming summit follows the African Union’s recent admission to the G20, marking a historic moment for the continent.Ramaphosa revealed that South Africa’s G20 Presidency will centre on three themes: solidarity, equality and sustainable development. He called for deliberate efforts to promote inclusive growth, responsive trade, and investment to benefit women, youth, and the poorest in society.: Highlighting the burden of rising debt in low-income countries, Ramaphosa called for reforms in global financial institutions and the redirection of unused Special Drawing Rights to support development in the Global South.: The President announced plans to mobilise finance for sustainable energy transitions and climate adaptation.
The president also highlighted the need for investments in African infrastructure, youth skills development and women’s economic empowerment. In the health sector, he called for G20 support to bolster Africa’s pharmaceutical production capacity to combat future pandemics.In his closing remarks, Ramaphosa invoked the legacy of Nelson Mandela, urging global leaders to embrace cooperation and solidarity.
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