National Treasury (South Africa) issued the chair’s summary of the fourth G20 Finance Ministers and Central Bank Governors meeting held in Washington, DC on 15–16 October 2025, setting out member positions across macroeconomic coordination, international financial architecture, sustainable finance, infrastructure, financial regulation and international taxation. The summary records endorsement of the Financial Stability Board (FSB) recommendations to address systemic risks from non-bank financial intermediation (NBFI) leverage, endorsement of key Infrastructure Working Group deliverables, and agreement to launch a 2025–2030 G20 Finance Track Africa Engagement Framework alongside an Ubuntu Legacy Initiative to accelerate cross-border infrastructure projects in Africa. On financial sector issues, the meeting reaffirmed commitment to consistent, full and timely implementation of agreed reforms and international standards, including Basel III, and supported FSB and standard setter work to address NBFI data gaps. Progress on the G20 Roadmap for Enhancing Cross-Border Payments was noted, including completion by the Financial Action Task Force of revisions to international requirements on the transparency of cross-border payments, while acknowledging challenges in meeting the Roadmap’s goals by end-2027. The summary also flags the FSB peer review on implementation of its crypto-asset and global stablecoin framework, which found progress alongside significant gaps and risks of regulatory arbitrage, and it notes work on artificial intelligence adoption in finance and an FSB implementation monitoring exercise that will move to a further phase in 2026. Next steps referenced include a pilot of the Common Carbon Credit Data Model in 2026 with willing stakeholders, delivery by the International Monetary Fund Executive Board of principles to guide future quota and governance discussions by the 2026 Spring Meetings, and follow-on discussions on the future working arrangements of the Joint Finance-Health Task Force. The chair’s summary also looks ahead to the 2025 G20 Summit in Johannesburg and the 2026 G20 Presidency of the United States.
National Treasury (South Africa) 2025-10-16
National Treasury (South Africa) publishes G20 chair’s summary endorsing FSB NBFI leverage reforms and launching a 2025–2030 Africa engagement framework
National Treasury (South Africa) released the chair’s summary of the G20 Finance Ministers and Central Bank Governors meeting, highlighting endorsements of Financial Stability Board recommendations on non-bank financial intermediation and key Infrastructure Working Group deliverables. The meeting reaffirmed commitment to implementing Basel III and addressing data gaps, while noting progress and challenges in the G20 Roadmap for Enhancing Cross-Border Payments. The summary also covers the FSB peer review on crypto-assets, artificial intelligence in finance, and upcoming initiatives like the Common Carbon Credit Data Model pilot and IMF governance discussions.