On the side lines of the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), Mr Kganyago joined the Brookings Institution for a high-level discussion on the importance of the G20 in today’s global environment. He reflected on how the G20 can adapt to new challenges, strengthen its role in global governance and promote inclusive and sustainable global growth and shared prosperity.
"Our challenges can only be resolved through cooperation, collaboration and partnership because no challenge and no triumph exists in isolation. They require responses that are inclusive and coordinated. Cooperation is our greatest strength and our most powerful weapon."
The first G20 Finance Ministers and Central Bank Governors Meeting (FMCBG) took place on 26 and 27 February 2025 under South Africa’s Presidency of the G20.
"The summit's location underscores the need for African voices to be heard on critical global issues like sustainable development, the digital economy and the shift toward green energy."
“The objective of our (G20) presidency is to reinvigorate the spirit of multilateralism within the G20 finance track.”
At this first meeting, South Africa announced plans to establish a G20 Africa Expert Panel and conduct a stocktake of the G20 finance track to ensure that the G20 remains agile, responsive and fit for purpose.
"2025 must be a year of justice for Africa. I look forward to working with the G20 Presidency of South Africa to help deliver justice for the people of this great continent."
“We are telling G20 members that they should support ongoing work at the UN for a framework convention on international tax cooperation … then we will ensure that the resources, which illegally go out of the continent … are used to self-finance our social economic development programmes.”
© South African Institute of International Affairs
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