“South Africa is set to assume the presidency of the G20 on Sunday, marking the first time an African nation will lead the influential group of major economies.
As the incoming president, South Africa will oversee the G20’s agenda until the end of 2025, after which the United States will take over the role.
The G20 aims to tackle pressing global challenges, including inclusive economic growth and climate change. However, these efforts face significant obstacles, such as ongoing trade wars and diplomatic tensions.
During the November summit, G20 leaders issued a joint declaration addressing key global issues. The document called for a global pact to combat hunger, increased aid for Gaza, and an end to the war in Ukraine. While it received endorsement from group members, it lacked complete unanimity and remained general in its proposals.
The declaration also included discussions on introducing a global tax on billionaires and reforming the U.N. Security Council to expand its membership beyond the current five permanent members.”