News Column

S/African delegation in Sidney for G20 meet

February 23, 2014

South African Finance Deputy Minister Nhlanhla Musa Nene, is leading a South African delegation to attend a two-day G20 meeting of finance ministers and central bank governors in Sydney, Australia starting on Saturday.South Africa will use the meeting, scheduled for 22-23 February, to encourage the global economic community to return to more cooperation and coordination through the G20.

"Our delegation will draw attention to the need for greater care in ensuring clear and consistent communication of policy actions by the very large economies.

"Recent events have demonstrated how financial markets, as one of the channels through which the inter-connectivity of global economies takes place, can affect stability in emerging economies," a Finance Ministry official said on Friday.

The South African delegation will join fellow G20 member-countries for the very first meeting of finance ministers and central bank governors under the G20 Presidency of Australia.

"South Africa will pay particular attention to the G20's agenda for investment in infrastructure and its potential to support this agenda in sub-Saharan Africa.

Like many emerging economies, South Africa remains concerned of the International Monetary Fund (IMF) reform process.

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Source: Agence de Presse Africaine

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