Ramaphosa Calls for G20 Cooperation Amid Global Challenges

South African President Cyril Ramaphosa emphasized the necessity of multilateral cooperation during the opening of the G20 Finance Ministers and Central Bank Governors meeting in Cape Town. He expressed concerns over the erosion of multilateralism, urging G20 members to forge consensus on tackling global challenges such as slow growth, rising debt, poverty, and climate change. Ramaphosa highlighted the importance of a rules-based international order to protect vulnerable populations amid geopolitical tensions. Despite the absence of key finance leaders from countries like the U.S., Japan, and Canada, South Africa is advocating for reforms in climate finance and economic systems to support poorer nations. The G20 presidency is seen as an opportunity for South Africa to lead discussions on sustainable development and inclusive growth. Ramaphosa's call for unity reflects a broader need for collective action in addressing pressing global issues.