• SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

  • Platinum handshake

    Officials who try to do what's right risk far more than blessed wrongdoers, says Solly Moeng.

All data is delayed
Loading...
See More

African agenda 'a long way off'

Jun 20 2012 08:48
Sapa

Cape Town - South Africa made some progress at the G20 Summit in Mexico but there was still "a long way to go" to advance Africa's development goals, President Jacob Zuma said on Wednesday.

"More work is needed still to reform international financial institutions such as the International Monetary Fund and the World Bank so that they can become more responsive to the needs of the developing world," he said in a statement.

"More work must be done as well to mainstream the development agenda within the G20".

Zuma represented the country in Los Cabos from Monday. South Africa is the only African member of the G20, a group of the world's major economies.

He said world leaders engaged effectively with each other and agreed to more international economic cooperation to support stability and growth.

"Overall, we agreed that we should put more emphasis on growth. Fiscal consolidation should not be done too quickly. We have also agreed to an accountability system which will help us ensure that we meet our commitments."

Zuma gave his support for Africa's development agenda, which included more support for continental infrastructure investment, new strategies for agricultural development and tools for "green" growth.

The president had flown to Rio de Janeiro in Brazil to attend the Rio+20 conference on sustainable development.

 
jacob zuma  |  africa  |  sa economy  |  g20 summit

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...