Cape Town – As South Africa prepares to take on the G20 Presidency later this year, the government has announced plans to allocate additional funding to support various departments involved in the preparations.
“This is a rare opportunity that only comes around every 20 years. We intend to use our voice to promote a truly Africa-focused agenda,” Finance Minister Enoch Godongwana said on Wednesday in Parliament when tabling the Medium-Term Budget Policy Statement (MTBPS).
South Africa is set to assume the G20 Presidency from December 2024 to November 2025.
National Treasury, the Reserve Bank, and the Department of International Relations will lead the key areas of focus under the theme “Solidarity, Equality, and Sustainable Development.”
“Various government departments and institutions will be involved, with National Treasury and the Reserve Bank leading the finance track, and the Department of International Relations and Cooperation leading the Sherpa track.
“Examples of key topics already selected include accelerating human capital development in the context of artificial intelligence, migration, technology, education and skills gaps; strengthening multilateral development banks to support the development of poorer countries, and financing climate-resilient infrastructure.
“These and other priorities will anchor South Africa’s contribution to the global policy agenda,” the National Treasury’s document on the 2024 MTBPS said.
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Compiled by Betha Madhomu
