South Africa's assets gain
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Addressing leaders at the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings, the SARB Governor highlighted the systemic risks posed by the insurance gap.
DURBAN (Reuters) - South African Reserve Bank Governor Lesetja Kganyago said on Wednesday that an "African agenda" including climate change and cross-border payment systems was still due to be discussed by G20 finance chiefs amid fears that tariffs would overshadow the gathering.
Finance chiefs of G20 countries expressed optimism for an agreement on a common position on trade and other global challenges on Friday despite U.S. President Donald Trump's tariffs which have overshadowed their meeting,
G20 finance chiefs, meeting in Durban, underscored the crucial role of central bank independence amid global tensions. Their communique, reflecting cooperation, was notable despite U.S. absence. It also highlighted issues like WTO reform and stressed addressing economic vulnerabilities in low-income nations.
U.S. Treasury Secretary marked his second absence from a South Africa G20 event, though Washington assumes rotating presidency by end of year
DURBAN (Reuters) -G20 finance chiefs will meet in South Africa on Thursday under the shadow of President Donald Trump's tariff threats and questions over their ability to tackle global challenges together.
G20 chair South Africa warned Thursday that abandoning the rules-based global order and declining cooperation could derail 2030 development goals to end hunger, eradicate extreme poverty and fight climate change.
DURBAN (Reuters) -G20 finance chiefs agreed a communique on Friday that underscored the importance of central bank independence and the role of the World Trade Organisation in advancing trade issues.