Naledi Pandor: SA will use G20 to promote and strengthen Africa’s interests
The G20 Summit, which will be held in Osaka, Japan, on Friday and Saturday, will be an opportunity for the world’s leading developed and developing economies to reflect on the past 20 years of the G20’s existence. The grouping was formed in 1999 after the Asian financial crisis raised fears of a worldwide economic meltdown.
The G20 economies account for 85% of the world’s GDP, 80% of world trade and two-thirds of the world’s population. One of the salient achievements of the G20 has been its endorsement of the internationally accepted standards and codes aimed at improving economic and financial transparency, as well as strengthening financial systems.
The participation and contributions of South Africa in multilateral forums, such as the G20, are informed by a desire to contribute to a humane and equitable global order.
Pandor is the minister of international relations and cooperation
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