Johannesburg, Nov 23 (LatestNewsX) – The 20th Group of 20 (G20) Summit kicked off today, unveiling a declaration that urges a fairer form of global governance. This marks the first time the G20’s flagship meeting is hosted on the African continent. With “Solidarity, Equality and Sustainability” as its rallying cry, the two‑day affair signals a turning point for Africa as it aims to raise its profile in world affairs and push forward development goals that resonate across the Global South, Xinhua reported.
Statements released under the title G20 South Africa Summit: Leaders’ Declaration reaffirmed the G20’s dedication to bolstering multilateralism, centering the United Nations in that effort. Leaders underscored that lasting peace is essential for sustainable economic growth and highlighted the need for collective, multilateral measures to tackle pressing global issues such as widening inequality and fragile stability.
“We emphasize the importance of strengthening multilateral cooperation to address existing and emerging risks and challenges to the global economy,” the declaration reads.
The document further called for a surge in worldwide investment to achieve the Paris Agreement’s climate targets, urging a rapid transition from billions to trillions of dollars in climate finance drawn from every possible source. It stressed that aligning all relevant financial flows with these goals is crucial, while also scaling up funding, capacity building and technology transfer on terms that are voluntary and mutually agreed upon, keeping the priorities and needs of developing nations in mind.
“We reaffirmed the commitment to the swift, full and effective implementation of the Kunming‑Montreal Global Biodiversity Framework adopted at the COP15 to the Convention on Biological Diversity and encourage other countries to do the same,” the leaders added.
The declaration also highlighted the empowerment of women and girls as a cornerstone of gender equality. “As we celebrate the 30th anniversary of the Beijing Declaration and Platform for Action, we reaffirm our commitment to its full, effective and accelerated implementation,” it said, noting that the G20 welcomed the Global Leaders’ Meeting on Women held in Beijing last October to keep the spirit of that conference alive.
South Africa will take on the rotating G20 presidency on December 1, 2024, becoming the first African country to lead the group; the United States is slated to assume the role on December 1, 2025.
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