-
South African Reserve Bank (SARB) Governor, Lesetja Kganyago speaks on the sidelines of a meeting of G20 finance officials in Cape Town on February 25, 2025.
South African Reserve Bank (SARB) Governor Lesetja Kganyago says the G20 must decide which issues to prioritise and establish better processes to reclaim its impact.
Kganyago delivered the keynote address at an event in Washington on the sidelines of the 2025 Spring Meetings of the World Bank and the International Monetary Fund.
He says the G20 must find relevance beyond crises.
Kganyago says, “When we say, for instance, that the G20’s relevance is fading, I think we mean that the agenda, always rich in topics, is overloaded and too complex. While there are many agenda items suitable for reasoned, technocratic discussions, such as improving payment systems or helping heavily indebted poor countries. The G20 cannot effectively address itself to all of them.”
Governor @KganyagoLesetja delivered the keynote address at the @BrookingsInst discussion on ‘Strengthening Global Economic Cooperation for a Changing World: The Unique Role of the G20’. To read, click here: pic.twitter.com/aJK0jamxBl
— SA Reserve Bank (@SAReserveBank) April 22, 2025
