Speaking in Washington on the sidelines of the 2025 Spring Meetings of the World Bank and the International Monetary Fund, Kganyago highlighted concerns about the G20's diminishing impact.
"When we say, for instance, that the G20's relevance is fading, I think we mean that the agenda, always rich in topics, is overloaded and too complex," Kganyago stated in his keynote address. He warned that despite tackling critical global economic issues, the G20 risked becoming ineffective due to its expansive scope.
Kganyago pointed to specific areas where the group could maintain its relevance beyond crisis management, such as improving international payment systems and assisting heavily indebted poor countries. However, he cautioned that attempting to address too many issues simultaneously undermines the efficiency of discussions and policymaking.
--SABC/ChannelAfrica--