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"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.”
AU Commissioner for Economic Development, Trade and Minerals, Albert Muchanga, notes that South Africa has outlined the importance of striving for consensus in a broad-based manner to strengthen decision-making.
© South African Institute of International Affairs
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