Speaking at a G20 conference held at the Tshwane University of Technology (TUT) in the capital, the senior official recalled how the G20 initially focused on broad macroeconomic issues, but for years has included trade and climate change, among other issues, on its agenda.

They also include sustainable development, health, agriculture, energy, the environment and the fight against corruption.

The G20 was elevated to the level of Heads of State and Government after the global economic and financial crisis of 2007, and in 2009, when it became clear that the coordination needed to address the crisis would only be possible at the highest political level, Mhlauli continued.

Since then, he stressed, the Group’s leaders have met regularly and the forum has become the main arena for international economic cooperation focused on enhancing multilateral cooperation to stabilize the global financial system, promote long-term sustainable growth and strengthen global economic governance.

It is in this context, he noted, that South Africa will use its pro tempore presidency to focus on inclusive and sustainable economic growth that benefits its citizens.

He also stressed that the G20 will open up new possibilities in artificial intelligence, which has the potential to bring unprecedented economic and social opportunities.

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