G20 finance leaders highlighted the importance of central bank independence in a joint statement after a meeting in South Africa. The communique addressed global economic uncertainties including trade tensions and extreme weather events,

U.S. Treasury Secretary marked his second absence from a South Africa G20 event, though Washington assumes rotating presidency by end of year

The global economy has slowed and become less supportive of developing countries, leaving African nations increasingly reliant on international markets to fill the gap in their development financing needs.

This is not only a strategic investment — it is one that can boost growth, create business opportunities, and reduce pressure on public budgets in key member states,” said Klingbeil.

President Cyril Ramaphosa has sought to leverage Africa's first G20 presidency to promote the African agenda, which also included topics such as the high cost of capital. "The Afr

G20 chair South Africa warned Thursday that abandoning the rules-based global order and declining cooperation could derail 2030 development goals to end hunger, eradicate extreme poverty and fight climate change.

"The G20 was built around a presumption that all the world's major economies shared a common interest in a stable, relatively open global economy," said Brad Setser of the Council on Foreign Relations. "But Trump doesn't really care about stability and wants a more closed global economy."

Deputy Minister of Forestry, Fisheries and the Environment, Narend Singh, has urgently called for global leaders to address climate action and provide the necessary support for mitigation and adaptation.