Question
Download Solution PDFAmong the following, which country has assumed the Presidency of G20 group of countries for the period December 2024 to November 2025 ?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is South Africa.
Key Points
- South Africa is set to assume the Presidency of the G20 group of countries for the period December 2024 to November 2025.
- The G20 Presidency rotates annually among member countries, following a predetermined calendar.
- South Africa will chair the G20 for the first time since joining the group in 1999, reflecting its growing influence in global economic and political discussions.
- During its presidency, South Africa will aim to focus on the development priorities of the African continent and promote a more inclusive global economic system.
- South Africa is the only African nation in the G20, representing the continent in major global economic and political forums.
Additional Information
- G20 Overview:
- The Group of Twenty (G20) is an international forum comprising 19 countries and the European Union.
- It addresses major global issues, including international financial stability, climate change mitigation, and sustainable development.
- Members represent about 85% of global GDP, 75% of international trade, and two-thirds of the world's population.
- G20 Presidency:
- The G20 Presidency is held by a member country for one year, during which it organizes summits and sets the agenda.
- The Presidency country hosts the annual G20 Leaders' Summit and other meetings throughout the year.
- South Africa's Role in the G20:
- South Africa is part of the G20 as a representative of the African continent and emerging markets.
- It plays a crucial role in advocating for the interests of developing nations.
- Focus Areas for G20 Presidency:
- Each G20 Presidency sets its priorities, often influenced by global economic and political conditions.
- South Africa is expected to prioritize African development, climate change, and multilateralism during its presidency.
Last updated on Jul 2, 2025
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