Experts and policymakers recently convened to discuss reform initiatives necessary for supporting Africa’s development under South Africa’s upcoming G20 presidency. The focus was on actionable recommendations to leverage this leadership role effectively, address economic challenges, and advocate for Africa’s key priorities on the global stage.
Experts and policymakers convened to discuss the critical reforms necessary for supporting Africa’s development under South Africa’s presidency of the G20 in 2025. The meeting, organized by the African Union (AU) Commission, aimed to explore how Africa can leverage this opportunity to advocate for its priorities effectively. The theme centered on the role of the AU and South Africa in the G20, emphasizing the importance of collaborative efforts.
Recent discussions highlighted the challenges African economies face, including climate change, global economic instability, and geopolitical tensions. Patrick Ndzana Olomo from the AU outlined the necessity for a reformed global financial architecture that fosters fairness and inclusiveness. He also underscored the need for better coordination between the AU and member states to enhance advocacy for critical developmental priorities.
Hanan Morsy, Chief Economist at the United Nations Economic Commission for Africa, portrayed South Africa’s G20 presidency as a unique opportunity for Africa. She stated that this moment presents a chance to assert Africa’s priorities on a global stage, particularly regarding the reform of multilateral development banks. The discussion encompassed vital topics such as climate strategies, health financing, and sustainable development initiatives.
Following its full membership in the G20, the AU has identified significant priorities, including accelerating progress on Agenda 2063 and advocating for international financial reform. Additional focuses include enhancing agricultural productivity, fostering a just energy transition, and improving the credit rating of African nations. These combined efforts aim to bolster the continent’s investment and response capabilities amidst ongoing global challenges.
The meeting of experts and policymakers signals a pivotal moment for Africa as it seeks to maximize the advantages of South Africa’s G20 presidency. By advocating for necessary reforms, enhancing continental coordination, and addressing pressing issues, Africa can work towards a sustainable and prosperous future. This collaborative effort is vital for ensuring that the continent’s priorities emerge prominently on the global agenda.
Original Source: eastleighvoice.co.ke
