Africa on the Agenda at G20

With South Africa being the only African country with a seat on the Group of 20 (G20), while serving as co-chair of the working group on reforming the International Monetary Fund, it has "a moral obligation towards the continent to call for more responsible management of the global financial system".

This is what the Global Call to Action against Poverty's South Africa branch would want to see from South Africa's finance minister, Pravin Gordhan, at the two-day G20 meeting that started today in Pittsburgh in the U.S.. Global Call to Action against Poverty (GCAP) is an international alliance of civil society bodies.

GCAP sent an open letter to Gordhan in which the issue of prudent management of the global financial system is addressed. The letter insists that the G20 focus on improved regulation of corporate governance, financial reporting and banking, according to GCAP spokesperson Rajesh Latchman.

"By promoting such a system you (Gordhan) will ensure that recessionary pressures will be detected sooner and knock-on effects on emerging economies in the global South can be avoided or at least minimised," the letter stated.

To read the article titled, "Put Africa on the G20 Agenda in Pittsburgh", click here.