Cape Town, South Africa – Despite geopolitical tensions and key absences, the recent G20 Finance Track meeting in Cape Town saw strong central bank participation, with all countries represented, according to South African Reserve Bank Governor Lesetja Kganyago.
While the absence of top finance chiefs from the United States, China, and Britain cast a shadow over the discussions, Kganyago reassured that central banks remained engaged.
"Shall we say that almost all of the governors were there. All central banks were represented, and where a governor was absent, a deputy governor with full delegated authority took their place. There was no flag that was empty," he emphasized.
Key Challenges Discussed
The talks were overshadowed by US aid cuts, trade disputes, and global conflicts, including the ongoing Ukraine war and disagreements on tackling climate change. These persistent challenges have hindered the G20’s progress on key global economic issues.
Finance Minister Enoch Godongwana and Kganyago briefed the media following the B20 and G20 Finance Track meetings, outlining key takeaways from the discussions.
The meetings remain critical for global economic stability, despite the fractured political landscape and diverging national interests among G20 members.
