No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, March 18, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Africa’s first G20 summit opens with ambitious agenda, US boycott

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 4 mins read
A A
Africa’s first G20 summit opens with ambitious agenda, US boycott
Share on FacebookShare on TwitterShare on LInkedIn


The first Group of 20 summit to be held in Africa opened on Saturday with an ambitious agenda to make progress on solving some of the long-standing problems that have afflicted the world’s poorest nations.

Leaders and top government officials from the richest and leading emerging economies came together at an exhibition centre near the famous Soweto township in South Africa, once home to Nelson Mandela, to try and find some consensus on the priorities set out by the host country.

Many of South Africa’s priorities for the group, especially a focus on climate change and its impact on developing countries, have met resistance from the United States, which is boycotting the talks.

South Africa’s agenda

South Africa, which gets to set the agenda as the country holding the rotating presidency, wants leaders to agree to more help for poor countries to recover from climate-related disasters, reduce their foreign debt burdens, transition to green energy sources and harness their own critical mineral wealth – all in an attempt to counter widening global inequality.

“We’ll see,” United Nations Secretary-General Antonio Guterres said on whether the G20 could prioritise developing world countries and make meaningful reforms. “But I think South Africa has done its part in putting those things clearly on the table.”

Live Events

The two-day summit will take place without the world’s biggest economy after US President Donald Trump ordered a US boycott of the summit over his claims that South Africa is pursuing racist anti-white policies and persecuting its Afrikaner white minority.The Trump administration has also made clear its opposition to South Africa’s G20 agenda from the start of the year, when South Africa began hosting G20 meetings. US Secretary of State Marco Rubio skipped a G20 foreign ministers meeting in February, calling the agenda all about diversity, equity and inclusion and climate changeRubio said he would not waste American taxpayers’ money on that.

Diplomatic rift

The monthslong diplomatic rift between the US and South Africa deepened in the buildup to the main summit this weekend, but while Trump’s boycott dominated the pre-talks discussions in Johannesburg and threatened to undercut the agenda, some of the leaders were eager to move on.

“I do regret it,” French President Emmanuel Macron said of Trump’s absence, “but it should not block us. Our duty is to be present, engage and work all together because we have so many challenges.”

The G20 is actually a group of 21 members that includes 19 nations, the European Union and the African Union.

The bloc was formed in 1999 as a bridge between rich and poor nations to confront global financial crises. While it often operates in the shadow of the Group of Seven richest democracies, G20 members together represent around 85 per cent of the world’s economy, 75 per cent of international trade and more than half the global population.

But it works on consensus rather than any binding resolutions, and that is often hard to come by with the different interests of members like the US, Russia, China, India, Japan, the Western European nations France, Germany and the UK, and others like Indonesia, Saudi Arabia and South Africa.

Guterres cautioned that rich nations have often failed to make the concessions required to strike effective climate or global financial reform agreements.

Doubts over a declaration

G20 summits traditionally end with a leaders’ declaration, which details any broad agreement reached by the members, but even that was proving hard to come by in Johannesburg.

South Africa said the US was exerting pressure on it not to issue any leaders’ declaration in the absence of the US and instead tone down the final document to a unilateral statement from the host country.

South African President Cyril Ramaphosa responded to that by saying “we will not be bullied” and has promised a declaration from all members present at the close of the summit on Sunday, with or without US input.

Even so, the direction of the G20 bloc is likely to change sharply given that the US takes over the rotating presidency from South Africa at the end of this summit, as the Trump administration has derided the focus on climate change and inequality. Trump has said the US will stage next year’s summit at his golf club in Doral, Florida.

The only role the US will play at this summit, the White House said, will be when a representative from the United States Embassy in South Africa attends the formal handover ceremony at the end to accept the G20 presidency.

South Africa said it’s an insult for Ramaphosa to hand over to what it considers to be a junior diplomatic official.

“We have communicated to the American government that the president will not be handing over to a junior official of the embassy,” South African Foreign Ministry spokesperson Chrispin Phiri told The Associated Press. “And so, as a result, we don’t anticipate that there’ll be any form of handover here (at the summit).”



Source link

Tags: AfricasAgendaambitiousboycottG20opensSummit
ShareTweetShare
Previous Post

Trump-Mamdani meeting: ‘Fascist’? ‘Communist’? For an afternoon, they were just 2 guys from Queens

Next Post

Ashish Dhawan’s stock picks struggle: 5 stocks tumble up to 70% in CY25 — Do you own any? – Ashish Dhawan’s Portfolio

Related Posts

edit post
How Lumen Technologies is using AI to help cut  billion in network costs

How Lumen Technologies is using AI to help cut $1 billion in network costs

by TheAdviserMagazine
March 18, 2026
0

It was the weekend before last Thanksgiving when Kate Johnson, the president and CEO of Lumen Technologies, called then-Nationwide Chief...

edit post
Bob’s Discount Furniture FY25 revenue rises 16.8% to .4bn

Bob’s Discount Furniture FY25 revenue rises 16.8% to $2.4bn

by TheAdviserMagazine
March 18, 2026
0

Bob’s Discount Furniture has reported net revenue of $2.4bn for fiscal year 2025 (FY25), up 16.8% from $2bn a year...

edit post
Israeli defense firms orders backlog balloons to b

Israeli defense firms orders backlog balloons to $80b

by TheAdviserMagazine
March 18, 2026
0

Israel defense companies are currently publishing their financial reports for 2025, which are showing a big jump in their...

edit post
Recession odds hit 49% for next 12 months says Moody’s Mark Zandi

Recession odds hit 49% for next 12 months says Moody’s Mark Zandi

by TheAdviserMagazine
March 18, 2026
0

With alarming headlines coming out of the Middle East, economists will be wary of sharing forecasts that might unnecessarily spook...

edit post
Sensex jumps nearly 3,000 points in 3 days. Has the market found its bottom or too early to celebrate?

Sensex jumps nearly 3,000 points in 3 days. Has the market found its bottom or too early to celebrate?

by TheAdviserMagazine
March 18, 2026
0

Indian equity markets extended their recovery for a third straight session on Wednesday, with the BSE Sensex surging nearly 3,000...

edit post
Rox Resources approves FID for Youanmi Gold Project

Rox Resources approves FID for Youanmi Gold Project

by TheAdviserMagazine
March 18, 2026
0

Gold exploration and development company Rox Resources’ board has approved the final investment decision (FID) for its fully owned Youanmi...

Next Post
edit post
Ashish Dhawan’s stock picks struggle: 5 stocks tumble up to 70% in CY25 — Do you own any? – Ashish Dhawan’s Portfolio

Ashish Dhawan's stock picks struggle: 5 stocks tumble up to 70% in CY25 — Do you own any? - Ashish Dhawan's Portfolio

edit post
Robinhood Markets, Inc. (HOOD) Affirms Robust Growth as Citizens Asserts Outperform Rating

Robinhood Markets, Inc. (HOOD) Affirms Robust Growth as Citizens Asserts Outperform Rating

  • Trending
  • Comments
  • Latest
edit post
Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

February 24, 2026
edit post
7 States Reporting a Surge in Norovirus Cases

7 States Reporting a Surge in Norovirus Cases

February 22, 2026
edit post
2025 Delaware State Tax Refund – DE Tax Brackets

2025 Delaware State Tax Refund – DE Tax Brackets

February 16, 2026
edit post
The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

March 2, 2026
edit post
Who Is Legally Next of Kin in North Carolina?

Who Is Legally Next of Kin in North Carolina?

February 28, 2026
edit post
How Age Affects Your Social Security Disability Claim

How Age Affects Your Social Security Disability Claim

March 2, 2026
edit post
The ,000-a-Month Shortcut: The High Price of Using Ozempic for Vanity Pounds

The $1,000-a-Month Shortcut: The High Price of Using Ozempic for Vanity Pounds

0
edit post
Applied Materials: Warum die Aktie vor einem neuen Bullenlauf steht!

Applied Materials: Warum die Aktie vor einem neuen Bullenlauf steht!

0
edit post
We Achieved Financial Freedom in 5 Years with Rentals (Doing These 5 Things)

We Achieved Financial Freedom in 5 Years with Rentals (Doing These 5 Things)

0
edit post
How Lumen Technologies is using AI to help cut  billion in network costs

How Lumen Technologies is using AI to help cut $1 billion in network costs

0
edit post
Mortgage Rates Today, Wednesday, March 18: Nearing 6%

Mortgage Rates Today, Wednesday, March 18: Nearing 6%

0
edit post
Israeli defense firms orders backlog balloons to b

Israeli defense firms orders backlog balloons to $80b

0
edit post
How Lumen Technologies is using AI to help cut  billion in network costs

How Lumen Technologies is using AI to help cut $1 billion in network costs

March 18, 2026
edit post
PPI inflation February 2026:

PPI inflation February 2026:

March 18, 2026
edit post
Applied Materials: Warum die Aktie vor einem neuen Bullenlauf steht!

Applied Materials: Warum die Aktie vor einem neuen Bullenlauf steht!

March 18, 2026
edit post
Recover More Value from Returns and Excess Inventory

Recover More Value from Returns and Excess Inventory

March 18, 2026
edit post
Bob’s Discount Furniture FY25 revenue rises 16.8% to .4bn

Bob’s Discount Furniture FY25 revenue rises 16.8% to $2.4bn

March 18, 2026
edit post
Playnance Puts G Coin Presale in Focus as March 18 Launch Day Arrives

Playnance Puts G Coin Presale in Focus as March 18 Launch Day Arrives

March 18, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • How Lumen Technologies is using AI to help cut $1 billion in network costs
  • PPI inflation February 2026:
  • Applied Materials: Warum die Aktie vor einem neuen Bullenlauf steht!
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.