According to an official statement released today, the work meeting will take place within the framework of the Spring Meetings of the International Monetary Fund (IMF) and the World Bank, which will be held in the United States later this month.

The meeting, the statement explains, is part of the Finance program of the South African G20 Presidency, which will bring together representatives of the G20 nations, invited countries, and international organizations to discuss global economic challenges, financial stability, and policies aimed at boosting economic growth.

South Africa’s G20 presidency began on December 1, 2024, and will run until November 30, 2025.

The central theme under its presidency is “Solidarity, Equality, and Sustainability.”

The Finance Group is co-chaired by Finance Minister Enoch Godongwana and South African Reserve Bank Governor Lesetja Kganyago.

According to the document, G20 members include the world’s leading economies, representing 85 percent of global GDP, 75 percent of international trade, and approximately 70 percent of the world’s population.

The G20 is composed of 19 countries (including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, and the United States), the European Union, and, since 2023, the African Union.

ef/jha/mv