The leadership of the G20 has changed with South Africa taking over from Brazil during a handover ceremony at the Rio de Janeiro summit in Brazil.
President Luiz Lula da Silva of Brazilian handed over the reins of leadership to South African president, Cyril Ramaphosa, on Tuesday.
South Africa is the only African country in the G20 and will be the host of the 2025 summit.
Ramaphosa told his counterparts at the summit, “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.”
The South African president said his administration would prioritize inclusive economic growth, industrialisation, employment, and inequality.
Ramaphosa added, “The second priority is food security. The third priority is artificial intelligence and innovation for sustainable development.
“At 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 said he is looking forward to welcoming global leaders to South Africa next year.
WHO IS IN THE G20?
The G20, originally a collection of 20 of the world’s largest economies, was conceived as a bloc that would bring the most important industrialized and developing economies together to discuss international economic and financial stability.
Since 2008, the G20’s annual summit has evolved into a major forum for discussing economics as well as other pressing global issues.
Bilateral meetings on the summit’s sidelines have occasionally led to major international agreements.
The forum comprises 19 countries, the European Union (EU) and, as of 2023, the African Union (AU).
Member countries include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom (UK), and the United States.
Spain is invited as a permanent guest.
