South Africa's National Treasury, jointly with the South African Reserve Bank, published a G20 Finance Track media statement summarising South Africa’s 2025 G20 Presidency work to advance Africa’s economic and financial priorities. The statement highlights the endorsement by G20 Finance Ministers and Central Bank Governors of the G20 Finance Track Africa Engagement Framework for 2026–2030, intended as a standing mechanism to deepen G20 cooperation with Africa beyond South Africa’s Presidency. The Africa Engagement Framework was developed through policy papers by the African Development Bank, Asian Infrastructure Investment Bank, World Bank, and International Monetary Fund, and deliberations across G20 bodies. Its priority areas include addressing African fiscal and macroeconomic challenges, improving institutional governance, advancing regional infrastructure aligned with the African Continental Free Trade Agreement and African Union Agenda 2025, reducing the high cost of capital and strengthening private sector finance, and enhancing the role of international financial institutions in African development. Supporting Finance Track work cited includes adoption of a G20 ministerial statement on debt sustainability, deliverables on lessons learned and steps under the G20 Common Framework, a cross-border infrastructure toolkit and launch of the Ubuntu Legacy Initiative, analysis on Africa’s macroeconomic vulnerabilities and the productivity implications of technology and artificial intelligence, pandemic financing simulation work, sustainable finance outputs on insurance protection gaps and carbon markets including High-Level Principles and a Common Carbon Credit Data Model pilot, efforts to shift financial inclusion from access to usage, and work on domestic resource mobilisation and tax capacity. The statement indicates South Africa will support the Africa Engagement Framework through 2030 through resource dedication, coordination, and collaboration with the African Union and African institutions. It also notes the Africa Expert Panel will continue beyond 2025 to support accelerated action for Africa and lists a technical consultative note on the carbon credit data model as forthcoming.

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