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The President of the General Assembly, Philemon Yang, emphasised the crucial role of the G20 in advancing global development goals. Li Junhua, Under-Secretary-General for Economic and Social Affairs and UN Group of 20 Sherpa, underscored the G20’s role in climate action.
An informal meeting of the United Nations General Assembly plenary was held on Monday in New York to hear a briefing by South Africa’s G20 Sherpa, Zane Dangor, as the country assumes the G20 Presidency from 1 December 2024 to 30 November 2025.
The President of the General Assembly, Philemon Yang, emphasised the crucial role of the G20 in advancing global development goals. Li Junhua, Under-Secretary-General for Economic and Social Affairs and UN Group of 20 Sherpa, underscored the G20’s role in climate action.
South Africa has set the theme for its G20 Presidency as Solidarity, Equality, and Sustainability. Addressing the UN plenary, Dangor elaborated on this vision: On sustainability, Dangor reinforced South Africa’s commitment to policies that balance present needs with future generations. He further outlined plans to assess the high cost of capital for African and developing nations, a significant barrier to their growth. “The aim is to develop a comprehensive strategy to assess why some countries face disproportionately high capital costs that hinder their development potential.”
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Dangor also highlighted South Africa’s focus on financing just energy transitions and harnessing critical minerals for inclusive and sustainable growth. He also welcomed the African Union’s recent inclusion in the G20, calling it an important opportunity to amplify Africa’s voice in global economic governance.
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