On the Cape City G20 finance summit, South African President Cyril Ramaphosa decried the “erosion of multilateralism” as a severe menace to international progress and stability. Throughout his speech, he emphasised {that a} sturdy, rules-based order is essential amid heightened geopolitical tensions. As well as, Ramaphosa known as for revolutionary financing and insurance coverage options to fight climate-induced disasters in weak nations. His remarks had been made in distinction to the notable absence of US Treasury Secretary Scott Bessent, about one week after US Secretary of State Mark Rubio snubbed an analogous occasion. Rubio’s resolution to skip the summit was in response to what he alleged to be Pretoria’s “anti-Americanism.”
Supply: DW
