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Godongwana lays out South Africa's G20 ambitions

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South Africa's G20 Presidency focuses largely on Africa and the Global South, advancing economic development and debt sustainability.
In a recent address, South African Finance Minister Enoch Godongwana outlined the country's ambitions and priorities for its upcoming G20 presidency in 2025. He emphasized South Africa's commitment to promoting global economic stability, sustainable development, and inclusive growth. Key focuses include addressing climate change, enhancing global health security, and advocating for reforms in international financial institutions to better support developing nations. Godongwana highlighted the need for a more equitable global financial architecture that can effectively respond to contemporary challenges like debt distress in low-income countries, and he stressed the importance of South-South cooperation. Additionally, he mentioned that South Africa aims to leverage its G20 presidency to push for greater representation of African and other developing countries in global economic discussions, ensuring their voices are heard in shaping policies that affect them directly.

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