At the G20 finance summit, President Cyril Ramaphosa expressed concern over the deterioration of multilateralism, linking it to threats against global growth and stability. He emphasized the importance of a rules-based order amidst heightened geopolitical tensions and called for innovative financing to help developing countries tackle climate-induced disasters. Additionally, the absence of US Treasury Secretary Bessent cast a shadow over attendance, suggesting diplomatic strains as US officials criticized South Africa’s domestic policies on equity and anti-American sentiment, reflecting ongoing tensions in international relations.
South African President Cyril Ramaphosa warned that the erosion of multilateralism threatens global growth and stability, underscoring the necessity for a rules-based order.
Ramaphosa highlighted that the escalating rates of climate-induced disasters are primarily affecting developing nations that struggle with recovery and rebuilding costs.
The absence of US Treasury Secretary Scott Bessent and other key leaders indicates rising tensions and criticisms directed at South Africa’s domestic policies.
Critics, including US officials, have expressed concerns over perceived anti-American sentiments linked to South Africa's new policies addressing post-Apartheid inequalities.
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