With South Africa assuming the G20 Presidency later this year, government has committed to assign additional funding to those departments that will be involved in the planning and preparation of the summit.
Enoch Godongwana said this is a rare opportunity that only comes around every 20 years. He added that government intends to use the platform to promote an Africa-focused agenda.
The Finance Minister made the statement on Wednesday in Parliament when tabling the Medium-Term Budget Policy Statement (MTBPS).
South Africa will hold the G20 Presidency from 1 December 2024 to 30 November 2025.
The G20 brings together the countries with the largest economies in the world. Its Member States meet annually to discuss economic, political and social initiatives.
“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,” the National Treasury’s document on the 2024 MTBPS indicated.
South Africa will assume the presidency of the G20 from Brazil. It will be held under the theme: “Solidarity, Equality and Sustainable Development”.
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