The South African Presidency of the Group of Twenty (G20) is this week convening the second Development Working Group (DWG) meeting in the Western Cape.
“The G20 DWG plays a pivotal role in shaping global development priorities, focusing on reducing inequalities, promoting sustainable growth, and strengthening international partnerships,” the Department of Planning, Monitoring and Evaluation said.
Starting on Monday, 14 April and ending on Wednesday, 16 April, the meeting will serve as a platform for in-depth discussions on key development challenges and cooperative solutions.
The G20 is an international forum of both developing and developed countries, which seeks to find solutions to global economic and financial issues.
South Africa’s G20 Presidency commenced on 1 December 2024 and will run until 30 November 2025.
The gathering will bring together representatives from G20 member states, invited countries, and international organisations to deliberate on policies that foster inclusive economic growth and sustainable development.
In alignment with the theme of Solidarity, Equality, and Sustainability, the discussions will focus on three high-level priorities:
• High-Level Principles on Global Public Goods and Global Public Investment.
• Mobilising Finance for Development and Means of Implementation.
• Building Resilience through Universal Social Protection Floors.
The G20 members represent around 85% of the global Gross Domestic Product, over 75% of the global trade, and about two-thirds of the world population.
It comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and United States) and two regional bodies, namely the European Union (EU) and African Union (AU).
The three-day meeting is taking place at the Lord Charles Hotel in Somerset. -SAnews.gov.za
