A more streamlined G20 process would be in line with Bessent's call in April for the International Monetary Fund and World Bank to focus on their core missions of financial stabil

At the G20 meeting in Durban, Canada's finance minister emphasized the need to combat the prevailing uncertainty caused by trade restrictions and tariffs. With discussions overshadowed by U.S. policies,

National Treasury said that finance ministers and central bank governors were on the brink of reaching consensus as fiscal and monetary policy leaders meet for a third time under South Africa’s G20 presidency.

Treasurers, finance ministers and central bank governors are currently gathering in South Africa for G20 Finance Ministers and Central Bank Governors meetings.

He is of the view that SMEs in the country already embody the B20 theme of ‘Inclusive Growth and Prosperity through Global Cooperation’. Morobe highlighted that the B20 provides a platform for the country to showcase how homegrown enterprises are setting standards for inclusive and sustainable growth.

Delivering the opening remarks at the 3rd G20 Finance Ministers and Central Bank Governors Meeting, held in KwaZulu-Natal, Godongwana called for unity, decisive policymaking, and a commitment to inclusive multilateralism.

By Colleen Goko and Kopano Gumbi JOHANNESBURG (Reuters) -Another no-show by U.S. Treasury Secretary Scott Bessent, Donald Trump's tariff threats and rising tensions between Washington and BRICS countries all look set to overshadow this week's meeting of G20 finance chiefs in Durban,