Livestream: G20 South Africa YouTube channel.

Global financial institutions are the bedrock of economic stability and development – but can they truly meet the demands of our rapidly evolving world? The South African Institute of International Affairs (SAIIA) and the Department of International Relations and Cooperation (DIRCO) invite you to a timely symposium dedicated to addressing this critical question head-on.

The urgency is clear: the current global financial architecture grapples with persistent inequalities, the pressing need for climate finance integration and the underrepresentation of emerging markets and developing economies (EMDEs) in key decision-making processes. This symposium, featuring a keynote by Minister Ronald Lamola and a panel discussion with experts, will delve into strategic reforms needed to create a more equitable and fair financial system.

As the current President of the G20, South Africa is leveraging its unique position to champion a transformative agenda for financial inclusion within the G20 framework. This includes advocating for governance reforms for more balanced representation within the IMF and World Bank, such as quota realignments and board reforms. These changes are essential to stimulate economic growth by enabling individuals and businesses to access capital for investment, innovation and expansion.

South Africa’s G20 presidency is dedicated to driving global solutions that foster economic resilience and sustainable development. Financial inclusion, as the World Bank notes, is a catalyst for achieving seven of the 17 Sustainable Development Goals. It can alleviate poverty, fuel economic empowerment for women and mitigate financial shocks for the poor and marginalised. Furthermore, access to finance promotes entrepreneurship and fosters job creation, leading to greater income and wealth generation, particularly in underserved regions.

Join us in Cape Town as we collaboratively discuss ways to address inequality and work towards reforming global financial institutions.

Financial Inclusion for Sustainable Development and Economic Resilience