G20 finance ministers and central financial institution governors are assembly in Cape City, however a number of key members are absent. The US Treasury Secretary cited obligations in Washington, following the Secretary of State’s absence at a G20 assembly in Johannesburg. In the meantime, African leaders are pushing for debt reduction as defaults and rising dwelling prices have an effect on a number of nations. South Africa is utilizing its G20 presidency to advance African pursuits, however shrinking international support and US disengagement increase issues. Critics query the G20’s relevance as main finance ministers skip conferences. Analysts warn of geopolitical shifts affecting international stability. South Africa goals to prioritise debt sustainability and power transition, however diminished US assist could hinder these efforts.
Al Jazeera’s Fahmida Miller experiences from Cape City, South Africa.
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