The G20's newly adopted Declaration outlines four high-level priorities, which President Cyril Ramaphosa says position the bloc on "how we can organise ourselves to be more focused on our core mandate."

The declaration was unanimously adopted at the opening of the leaders' summit. 

The adoption comes despite U.S. opposition to several proposals related to climate change.

The first priority focuses on strengthening disaster resilience and response. 

President Ramaphosa told the summit that while climate-induced disasters affect all countries, their impact is particularly devastating for countries unable to absorb the costs of recovery and rebuilding. 

He said the bloc agrees it is essential for the global community, international financial institutions, development banks and the private sector to scale up post-disaster reconstruction support.

The second priority centres on ensuring debt sustainability for low-income countries. 

Ramaphosa said the G20 must renew efforts to advance debt sustainability, with special emphasis on African countries.

South Africa also proposed mobilising funds for a just energy transition and increasing both the quality and quantity of climate financing flows to developing economies.

"Fourthly, we emphasised the importance of harnessing critical minerals for inclusive growth and sustainable development through the beneficiation of the minerals at the place of extraction," said Ramaphosa.

The South African leader further added that inclusive economic growth, industrialisation, inequality, employment, food security, and artificial intelligence are additional priorities beyond the four main proposals.

-

Category

Author
Blanche Goreses