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South Africa is committed to leading a progressive, people-focused, development-orientated, and solution-driven Presidency in a complex global geopolitical landscape.
South Africa’s participation in the G20 is guided by its four strategic foreign policy pillars (national interests, the African agenda, South-South cooperation and multilateralism). The theme of the G20 South African Presidency is ‘Solidarity, Equality and Sustainability’.
The G20 comprises 19 countries. They are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and United States as well as two regional bodies, namely the European Union and the African Union.
The G20 members are among the world’s largest economies, accounting for 85% of global gross domestic product (GDP), over 75% of international trade and about two-thirds of the world population.
The G20 does not have a permanent secretariat or staff. Instead, the G20 Presidency rotates annually among the members.
This year, National Treasury and the South African Reserve Bank (SARB) are leading the Finance Track, while the Department of International Relations and Cooperation (DIRCO) is the lead for the Sherpa Track and overall convenor of the G20 South African Presidency.
The Finance Track brings together finance ministers and central bank governors and their deputies to collaborate on policies that drive sustainable growth, promote financial inclusion and tackle emerging risks.
Click here to visit the G20 website, or view the latest updates below:
