G-20 Development Agenda and African Priorities: An Update
"The G-20 has come to be seen as one of the world’s most important gatherings for the discussion of a range of issues broadly related to global economic governance. While the G-20 is significantly more representative of developing countries’ interests than other informal structures (such as the G-7), there is still only one permanent member from Africa – South Africa. This situation belies the relevance of the G-20 agenda and discussions to the economic development goals of the continent. The G-20 considers issues directly linked to Africa’s own agenda, as set out by the AU in Agenda 2063, including regional economic integration, domestic resource mobilisation and infrastructure financing. Other G-20 decisions have a more indirect impact on Africa, such as those related to financial regulation, growth targets for the members, and trade. Five years ago, the Overseas Development Institute (ODI) and SAIIA developed a set of recommendations for ONE – the international campaigning and advocacy organisation – that looked at ways in which the G-20 could respond to the development needs of Africa. This paper revisits the report developed in 2010 for ONE and looks at progress to date in some of the priority areas that were set out in the original research, including infrastructure development, regional integration, participation in the global trading system, and attracting foreign direct investment. A number of these areas have been taken up by the G-20 as part of its ongoing agenda and have resulted in decisions that are relevant for the continent. There is still much that could be done, however, to ensure the synergies are maximised between the work of the G-20 and the development priorities of Africa."