South Africa has launched its G20 Presidency with the first Framework Working Group (FWG) meeting under the Finance Track. This encounter follows the nation’s formal assumption of the G20 presidency, which began with Sherpa and Finance Track meetings in December 2024.
The FWG, overseen by South Africa’s National Treasury, plays a pivotal role in addressing global economic issues. Its mandate is to foster strong, sustainable, balanced, and inclusive growth.
Day one of the meeting focused on analysing key threats to global economic growth. Delegates also reviewed Africa’s economic outlook, highlighting the continent’s unique opportunities. The second day centred on drafting the FWG work plan for 2025, with South Africa prioritising:
-
strengthening global economic resilience; -
supporting growth reforms that address climate change; -
evaluating labour productivity, technological innovation, and demographic shifts.
This meeting is the first of four FWG sessions planned for 2025, with subsequent meetings scheduled for April, June, and September. Each session will take place in various South African cities, further showcasing the country’s economic landscape. This is reported on the
official website of the South African government.
Outcomes from these discussions will directly inform higher-level G20 Finance and Central Bank meetings, culminating in the G20 Leaders’ Summit, set to be held in Johannesburg in November 2025.
Photo:
iStock
