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G20: Masondo reiterates importance of cooperation in firing up global economies

G20: Masondo reiterates importance of cooperation in firing up global economies

Eyewitness News18-07-2025
JOHANNESBURG - The G20 finance track said member states needed to double down on efforts for growth-oriented macroeconomic policies as global economies adjust to emerging threats.
The calls come as the global economy is facing heightened uncertainty and complex challenges, including ongoing wars and conflicts, geopolitical and trade tensions and sovereign debt levels.
ALSO READ: G20 finmin meeting ends with first communique agreement under SA's presidency
Finance ministers and central bank governors wrapped up their third meeting in KwaZulu-Natal on Friday under South Africa's G20 presidency.
Speaking at a media briefing at the close of business, Deputy Finance Minister David Masondo reiterated the importance of cooperation in firing up the global economies.
"A renewed pledge was made to strengthen multilateral cooperation to address existing and emerging risks to the global economy."
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