Ramaphosa stresses economic cooperation at G20 meeting
South African President, Cyril Ramaphosa, earlier emphasized that economic cooperation takes center stage at this week’s G20 Finance Ministers and Central Bank Governors Meeting. He delivered an official address at the event in Cape Town, where Ramaphosa welcomed attendees to the inaugural meeting, highlighting its significance in addressing pressing global economic issues.
Wed, 26 Feb 2025 11:27:32 GMT
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AI Generated Summary
- The G20 finance track has played a crucial role in responding to economic crises and maintaining global financial stability over the past 25 years.
- Ramaphosa highlighted the need for collaboration between the finance and Sherpa tracks to achieve a resilient, sustainable, and inclusive global economy.
- In the face of escalating tensions and geopolitical challenges, Ramaphosa stressed the importance of multilateral cooperation and a rules-based international order for economic stability and sustained growth.
South African President, Cyril Ramaphosa, emphasized the importance of economic cooperation at the G20 Finance Ministers and Central Bank Governors Meeting in Cape Town. The meeting, aimed at addressing pressing global economic issues, gathered key financial policymakers to strategize on advancing collective responsibility and sustainable global growth. Ramaphosa highlighted the significant role played by the G20 finance track over the past 25 years in galvanizing actions during critical economic crises, such as the global financial crisis in 2008 and the COVID-19 pandemic. The forum, known for creating the global financial safety net with the IMF at its core, has been pivotal in maintaining financial support and stability worldwide. By fostering collaboration between the finance and Sherpa tracks, the G20 aims to achieve a more resilient, sustainable, and inclusive global economy. Ramaphosa stressed the importance of multilateral cooperation in the face of escalating tensions and emphasized the need for a fair, transparent, and inclusive rules-based international order to ensure economic stability and sustained growth amidst geopolitical challenges.
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