The G20 finance ministers and central bank governors met in Cape Town, South Africa, on February 26, 2025, without U.S. participation from key figures like Treasury Secretary Scott Bessent. The meeting focuses on pressing themes such as climate change, debt relief, and global economic resilience under South Africa’s G20 presidency. Tensions remain high, especially regarding the ongoing effects of geopolitical issues and differing national priorities.
Finance ministers and central bank governors from the G20 nations convened in Cape Town, South Africa, on February 26, 2025, amidst the notable absence of U.S. Treasury Secretary Scott Bessent. His decision to skip the meeting follows a similar boycott by U.S. Secretary of State Marco Rubio, reflecting the Trump administration’s critical stance towards South Africa and its focus areas. Bessent cited prior commitments in Washington as the reason for his absence.
The G20 meeting in South Africa emphasized key issues such as climate resilience, debt relief, and sustainability, although the absence of significant U.S. figures raises questions about their commitment to international cooperation. Despite tensions among major economies, South Africa aims to foster consensus through its G20 presidency, addressing urgent challenges facing developing nations.
Original Source: apnews.com
