The Prague Post - South Africa to host G20 summit boycotted by US

EUR -
AED 4.284597
AFN 77.000098
ALL 96.448772
AMD 444.34863
ANG 2.088251
AOA 1069.837149
ARS 1712.103104
AUD 1.739105
AWG 2.100006
AZN 1.984835
BAM 1.955574
BBD 2.351928
BDT 142.693504
BGN 1.955788
BHD 0.43987
BIF 3454.100683
BMD 1.16667
BND 1.502126
BOB 8.098064
BRL 6.270504
BSD 1.167765
BTN 105.316825
BWP 15.605196
BYN 3.392508
BYR 22866.734452
BZD 2.348528
CAD 1.61893
CDF 2537.507334
CHF 0.930291
CLF 0.026295
CLP 1031.534835
CNY 8.135428
CNH 8.132962
COP 4334.634516
CRC 580.632875
CUC 1.16667
CUP 30.916758
CVE 110.252254
CZK 24.281673
DJF 207.94596
DKK 7.472277
DOP 74.13143
DZD 151.691572
EGP 55.006401
ERN 17.500052
ETB 181.82488
FJD 2.654
FKP 0.870299
GBP 0.866334
GEL 3.138507
GGP 0.870299
GHS 12.517553
GIP 0.870299
GMD 85.74845
GNF 10220.818405
GTQ 8.953965
GYD 244.301757
HKD 9.095769
HNL 30.912368
HRK 7.533658
HTG 152.822333
HUF 387.027071
IDR 19687.38336
ILS 3.661804
IMP 0.870299
INR 105.155536
IQD 1528.337864
IRR 49145.979203
ISK 146.802106
JEP 0.870299
JMD 185.208589
JOD 0.827199
JPY 184.320461
KES 150.628473
KGS 102.024978
KHR 4690.457752
KMF 492.334429
KPW 1050.003715
KRW 1715.647054
KWD 0.358786
KYD 0.973088
KZT 595.951104
LAK 25243.08173
LBP 104570.011004
LKR 360.948272
LRD 209.605768
LSL 19.177583
LTL 3.444874
LVL 0.705707
LYD 6.334268
MAD 10.750557
MDL 19.839706
MGA 5320.015345
MKD 61.540787
MMK 2450.020627
MNT 4151.25447
MOP 9.378716
MRU 46.585614
MUR 54.448589
MVR 18.025417
MWK 2024.865912
MXN 20.914547
MYR 4.73843
MZN 74.561901
NAD 19.177583
NGN 1661.617708
NIO 42.975032
NOK 11.750422
NPR 168.50652
NZD 2.020558
OMR 0.448549
PAB 1.167765
PEN 3.920887
PGK 4.982424
PHP 69.09601
PKR 326.846914
PLN 4.211662
PYG 7727.106695
QAR 4.256908
RON 5.090298
RSD 117.38105
RUB 91.381043
RWF 1702.503179
SAR 4.374801
SBD 9.477574
SCR 16.149894
SDG 701.754905
SEK 10.70029
SGD 1.499924
SHP 0.875305
SLE 28.174848
SLL 24464.489296
SOS 666.22298
SRD 44.537644
STD 24147.716092
STN 24.497168
SVC 10.217819
SYP 12902.875626
SZL 19.174783
THB 36.458106
TJS 10.865744
TMT 4.095012
TND 3.413105
TOP 2.809062
TRY 50.338667
TTD 7.931083
TWD 36.848922
TZS 2916.362849
UAH 50.553456
UGX 4207.513583
USD 1.16667
UYU 45.484742
UZS 14166.362273
VES 386.509995
VND 30654.257537
VUV 140.345356
WST 3.247986
XAF 655.881176
XAG 0.013853
XAU 0.000254
XCD 3.152984
XCG 2.104557
XDR 0.815706
XOF 655.881176
XPF 119.331742
YER 278.137687
ZAR 19.124525
ZMK 10501.439418
ZMW 22.683378
ZWL 375.667304
  • RBGPF

    2.2900

    82.5

    +2.78%

  • NGG

    -0.3600

    79.76

    -0.45%

  • RELX

    -0.3700

    42.77

    -0.87%

  • CMSC

    0.0400

    23.31

    +0.17%

  • AZN

    -1.0200

    93.63

    -1.09%

  • BP

    0.1200

    34.41

    +0.35%

  • SCS

    0.0200

    16.14

    +0.12%

  • BTI

    0.4900

    55.68

    +0.88%

  • RYCEF

    0.6500

    17.29

    +3.76%

  • RIO

    1.7500

    82.88

    +2.11%

  • GSK

    0.0000

    50.39

    0%

  • VOD

    0.0500

    13.55

    +0.37%

  • CMSD

    0.1750

    23.865

    +0.73%

  • JRI

    0.0100

    13.81

    +0.07%

  • BCC

    -0.0900

    82.96

    -0.11%

  • BCE

    0.1000

    23.84

    +0.42%

South Africa to host G20 summit boycotted by US
South Africa to host G20 summit boycotted by US / Photo: EMMANUEL CROSET - AFP

South Africa to host G20 summit boycotted by US

South Africa will host the G20 summit this weekend, aiming to secure commitments on debt relief for developing countries and to tackle global inequalities as the United States boycotts the event.

Text size:

US President Donald Trump, who has clashed with South Africa over its G20 agenda, is skipping the summit amid a wider US retreat from multilateralism that has rattled global order.

President Cyril Ramaphosa told reporters ahead of the November 22-23 event that the US absence is "their loss".

The United States is the most powerful of the 19 countries in the G20, which represents 85 percent of global GDP and about two-thirds of the world's population, and also includes the European Union and the African Union.

The US boycott echoes Trump's decision not to send an official delegation to the COP30 summit in Brazil.

The Republican leader has also withdrawn from the Paris Agreement, an international treaty to limit global warming and has imposed unilateral tariffs on a host of trading partners.

South Africa, in particular, has been slapped with a 30 percent tariff from the United States.

Trump has also singled out the sub-Saharan nation over a number of issues since he returned to the White House in January, notably claiming falsely that white Afrikaners were being systematically "killed and slaughtered" in the country.

- Debt, disaster financing -

South Africa's G20 theme of "Solidarity, Equality, Sustainability" focuses on supporting developing countries through debt relief and financing measures to cope with disasters caused by climate change.

It was branded "anti-American" by US Secretary of State Marco Rubio in February, when he skipped one of the first meetings of G20 ministers.

South Africa says debt is a priority because repayments limit investments in essentials such as infrastructure, healthcare and education.

Between 2021 and 2023, Africa spent $70 per capita on debt interest payments, more than on education or health which were at $63 and $44 per capita respectively, according to the United Nations.

Ramaphosa will also push for the creation of an "International Inequalities Panel", modelled after the IPCC for climate change, to tackle massive global inequality that is particularly stark than in South Africa.

A report for the G20 from a team led by Nobel laureate economist Joseph Stiglitz labelled wealth inequality as a global crisis that threatens democracy and social cohesion, saying it should be confronted with the same urgency as the climate crisis.

"If adopted, it would mark a significant win not just for Pretoria's presidency, but for the millions across the Global South whose voices are often sidelined in elite economic forums," said Tendai Mbanje, a researcher at the the University of Pretoria's Centre for Human Rights.

- Consensus? -

It is unclear if South Africa's G20 presidency will manage to secure a consensus and release a joint final declaration on the issues discussed.

Delegates involved in preparatory work said Argentina's representatives have been obstructive. President Javier Milei -- a Trump ally -- is also boycotting the event.

In the absence of the United States, China's representative Premier Li Qiang is expected to advocate for multilateralism.

"Economic globalisation and multipolarity are irreversible," Li said at a Asian regional summit in October.

Russia will be represented by President Vladimir Putin's economic advisor and deputy chief of staff, Maxim Oreshkin, in the notable absence of Foreign Minister Sergei Lavrov.

The summit is set to begin the day after the scheduled conclusion of COP30 in Belem, Brazil, whose final negotiations could influence discussions in Johannesburg.

It marks the end of a cycle of G20 presidencies by Global South countries, following Indonesia in 2022, India in 2023 and Brazil in 2024.

The next to take the baton is the United States.

Washington has already announced its intention to narrow the G20's focus to issues of economic cooperation at the December 2026 meeting to be held at a Miami golf course owned by the Trump family.

Z.Pavlik--TPP