G20 meets in Cape Town as US absence raises concerns over debt relief and global stability

G20 finance ministers and central bank governors are meeting in Cape Town, but several key members are absent. The US Treasury Secretary cited obligations in Washington, following the Secretary of State’s absence at a G20 meeting in Johannesburg. Meanwhile, African leaders are pushing for debt relief as defaults and rising living costs affect several nations. South Africa is using its G20 presidency to advance African interests, but shrinking foreign aid and US disengagement raise concerns. Critics question the G20’s relevance as major finance ministers skip meetings. Analysts warn of geopolitical shifts affecting global stability. South Africa aims to prioritise debt sustainability and energy transition, but reduced US support may hinder these efforts.

Al Jazeera’s Fahmida Miller reports from Cape Town, South Africa.

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Post from Al Jazeera on February 26, 2025

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