The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a G20 finance meeting in South Africa marked by the absence of the US treasury secretary.

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South Africa's President Cyril Ramaphosa called on Wednesday for strong cooperation at the opening meeting of the Group of 20 (G20) finance ministers in Cape Town, which was not attended by several key figures.

South Africa calls for 'coordinated efforts' from the G20 to help poorer nations:: Cape Town, South Africa :::: Cyril Ramaphosa, South African President "We are not moving quickly enough and even boldly enough to address challenges that the world is facing.

At the historic first G20 Finance Ministers meeting in South Africa, President Ramaphosa makes an urgent appeal for global action on mounting debt crises, highlighting how developing nations are struggling with soaring debt costs that threaten essential services and development.

JOHANNESBURG - With the buzz around the G20, you might wonder what it’s about. What is the G20 The G20, short for Group of Twenty, is an ‘international forum’ of developed and developing countries that meets to provide solutions to global economic and financial issues.

South Africa sought to salvage international talks on tackling global poverty on Wednesday as finance chiefs of several leading economies skipped a gathering of Group of 20 nations in Cape Town held against a backdrop of foreign aid cuts.

President Ramaphosa expressed concerns over the erosion of multilateralism, emphasizing its crucial role in fostering global economic stability and growth.

President Cyril Ramaphosa highlights the urgent need for debt sustainability among African nations during the G20 Finance Ministers meeting, addressing the implications for essential services and infr