Luanda - Angola takes part in the first meeting of G20 finance ministers and central bank governors to be held in São Paulo, Brazil, on February 28 and 29 that will analyze issues related to the role of national experiences and economic policies and international cooperation.
Led by Finance Minister Vera Daves de Sousa, the Angolan takes part in the event as part of the rotating presidency of that organization in a year that concludes with the acceptance of the African Union as a permanent member of the G20.
The G20 finance ministers and central bank governors will discuss issues related to the role of national experiences and international cooperation in economic policies to resolve inequality, prospects for global economic growth, inflation, employment and financial stability, international taxation for the 21st century and multilateralism, and the role of global debt and finance for development.
The working program includes an Africa-G20 ministerial meeting.
The Angolan delegation's agenda includes bilateral meetings by the Finance Minister, with her Brazilian counterpart, Fernando Haddad, and with the Deputy Secretary of the US Treasury Department, Jay Shambaugh, with the aim to address issues related to bilateral and multilateral cooperation.
When taking over the presidency of the organization, Brazil announced that it would invite eight non-member countries to take part in specialized meetings and summits on its work program, namely Angola, Egypt, Nigeria, Spain, Portugal, Norway, the United Arab Emirates and Singapore, signaling a realignment of Brazilian foreign policy with the agenda of other developing countries.
Brazil said it is focusing its presidency on three priorities: (1) Social Inclusion and the fight against hunger and poverty, (2) Energy Transition and Sustainable Development and (3) Reform of Global Governance Institutions.
The deputy finance ministers and deputy central bank governors of the G20 have been working these past two days in preparation for the ministerial meeting of finance and central bank governors.
They are expected to discuss the text of the G20 Ministerial Communiqué, bringing up various issues from the line of priorities touched on by the Brazilian Presidency, as well as the evolving nature of the G20 finance path.
The G20 or Group of 20, created in 1999, is made up of the finance ministers and central bank governors of the 19 largest economies in the world, plus the European Union and the African Union, admitted as a permanent member in 2023, it is structured into two parallel tracks of activity which communicate with each other: the Sherpa Track and the Finance Track.
Angola, as a guest country, shares in the finance track, through the institutional representation of the Ministry of Finance and its central bank, which are involved in the agendas of the seven working groups of that track, as well as the high-level meetings of the Deputy Ministers of Finance and Deputy Governors of the Central Banks and Ministers and Governors of the G20 Central Banks.
The country also participates in the Sherpa track, made up of 15 working groups and two task forces, through the Ministry of Foreign Affairs, which engages the various national institutions according to the various themes of the Sherpa working agenda.ASS/AC/AMP
