G20 finance chiefs meet in Durban under tariff cloud
The club, which came to the fore as a forum for international co-operation to combat the global financial crisis, has for years been hobbled by disputes among key players exacerbated by Russia's war in Ukraine and Western sanctions on Moscow.
Host South Africa, under its presidency motto 'Solidarity, Equality, Sustainability', has aimed to promote an African agenda, with topics including the high cost of capital and funding for climate change action.
The G20 aims to co-ordinate policies but its agreements are non-binding.
US treasury secretary Scott Bessent will not attend the two-day meeting of finance ministers and central bank governors, marking his second absence from a G20 event in South Africa this year.
Bessent also skipped February's Cape Town gathering, where several officials from China, Japan and Canada were also absent, even though Washington is due to assume the G20 rotating presidency at the end of the year.
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The Citizen
2 hours ago
- The Citizen
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The South African
3 hours ago
- The South African
G20 members commit to addressing debt vulnerabilities
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IOL News
4 hours ago
- IOL News
Pan-African vision: MK party backs strategic alliance with Morocco
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