The presidency of the G20 has been handed over to South Africa, becoming the first African nation to lead the influential bloc of the world’s largest economies.
The handover ceremony occurred on Tuesday during the G20 conference in Rio de Janeiro, Brazil.
The president of Brazil, President Luiz Inácio Lula da Silva, officially handed over leadership to South African President Cyril Ramaphosa, who promised to promote Africa’s development and the interests of the Global South during his tenure.
“We will use this moment to bring the development priorities of the African continent and the Global South more firmly onto the agenda of the G20,” Ramaphosa said.
Ramaphosa outlined three important priorities for South Africa’s presidency: fostering inclusive economic growth, tackling food security, and utilising artificial intelligence and innovation for sustainable development.
He committed to pushing for increased global economic growth while ensuring that no one is left behind.
South Africa is at the moment the only African member of the G20, which comprises the world’s major economies.
However, the African Union became a member of the forum in 2023, indicating a rising worldwide awareness of Africa’s role in determining international policy.
The G20 is made up of 19 countries plus the European Union, and Spain has been awarded permanent guest status. Members include major economies such as the United States, China, Germany, and India.
South Africa, as the first African country to lead the G20, intends to promote industrialisation, employment, and inequality reduction while also driving conversations on crucial global issues.
“As South Africa, we undertake to advance the work of the G20 towards achieving greater global economic growth and sustainable development. We will work to ensure that no one is left behind,” Ramaphosa concluded.
