Ramaphosa Spells out Priorities of G20 at World Economic Forum  

(3 Minutes Read)

Ramaphosa stressed the importance of the G20 creating its framework for green industrialisation and investment. South Africa will hand over the Presidentship of G20 to the United States at the end of 2025. It is the first time an African country is holding the Presidency of G20.

 Addressing delegates at the World Economic Forum (WEF), South African President Cyril Ramaphosa outlined the objectives and priorities for the country’s G20 presidency.

 The priority, he said, is to focus on utilising critical minerals to foster inclusive growth and development. In that process, South Africa has to address a myriad of challenges including poverty, terrorism, and technological issues like migration to Artificial Intelligence. These can be achieved only through mutually beneficial cooperation and collaboration.

The 2025 Davos gathering is centered around the theme, ‘Collaboration for the Intelligent Age’.Ramaphosa stressed the importance of the G20 creating its framework for green industrialization and investment. South Africa will hand over the Presidentship of G20 to the United States at the end of 2025. It is the first time an African country is holding Presidentship of G20.

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The Group of Twenty (G20) is an international forum of both developing and developed countries which seeks to find solutions to global economic and financial issues. The G20 comprises 19 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and the United States and two regional bodies, namely the European Union and the African Union.

The G20 members include the world’s major economies, representing 85% of the global Gross Domestic Product, over 75% of international trade, and about two-thirds of the world population.