Godongwana unveils G20 Africa expert panel to drive inclusive growth

Godongwana

Cape Town – Finance Minister Enoch Godongwana has announced the establishment of a G20 Africa Expert Panel to support the G20 Finance Track.

Godongwana made the announcement during the G20 Finance and Central Banks Deputies’ Meeting in Johannesburg.

The panel will include African economic, finance, and development experts from various sectors and institutions to advance Africa’s economic and social agenda.

The panel will focus on strengthening African initiatives like the Compact with Africa and addressing reform of the international financial architecture, aligned with agreements from the G20 Summit in Brazil.

“We intend to use our Presidency to advance an African agenda. To further this agenda and ensure that we strengthen the manner in which the G20 respond to the social and economic needs of our continent, we intend to establish a G20 Africa Expert Panel to support the G20 Finance Track.

“One of the areas we will request the G20 Africa Expert Panel to advise us on is how we can ensure that the various African initiatives, including the compact with Africa, can be strengthened to the benefit of the continent,” Godongwana said.

Key areas include sustainable development, climate change, and poverty eradication.

Godongwana emphasised debt sustainability, advocating for a tailored, comprehensive approach beyond the Common Framework to address liquidity and solvency issues.

Upcoming events in South Africa and Spain in 2025 will further address development financing and Sustainable Development Goals (SDGs).

He expressed optimism in the G20’s capacity to drive inclusive economic growth, urging countries to collaborate on achieving strong and sustainable development.

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