South Africa is set to assume the G20 Presidency on December 2, marking a significant milestone as the first African nation to lead the summit. President Cyril Ramaphosa faces the formidable task of addressing pressing global issues such as poverty and inequality, which are particularly acute in South Africa itself.
With one of the world's highest wealth gaps, South Africa's efforts to reduce poverty and unemployment will be central to its G20 agenda. Ramaphosa's leadership not only represents his country but also the broader African continent, aiming to ensure that the concerns of developing nations are prominently featured on the global stage.
The current global economy grapples with challenges like inflation, climate change, and inequality. Historically, the G20 has been critiqued for not sufficiently catering to the needs of developing countries. South Africa's presidency offers an opportunity to shift this narrative by implementing initiatives targeted at reducing inequality and eradicating poverty.
During Brazil's presidency earlier this year, significant strides were made, including the creation of the Global Alliance Against Hunger and Poverty. This initiative underscores the importance of global unity and collaborative efforts to foster prosperity. South Africa is poised to build on these foundations, with plans to focus on inclusive growth, just energy transitions, and better governance of resources.
Economist Laura Carvalho from the University of Sao Paulo emphasizes that South Africa’s leadership will highlight the issues central to the Global South, such as sustainable development and fair trade practices. The upcoming G20 Summit under South Africa's helm aims to integrate climate action with industrial growth, ensuring that developing countries receive the support needed for green transitions and inclusion in global supply chains.
In conclusion, South Africa's tenure as G20 President presents a pivotal chance to drive long-term solutions for poverty and inequality. By addressing systemic challenges and promoting sustainable development, South Africa seeks to ensure that no one is left behind in the pursuit of a shared, prosperous future.
Reference(s):
S. Africa's G20 presidency: A chance to address poverty, inequality
cgtn.com
