Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

G20 faces toughest test amid US stance

Doubts over Washington's commitment could impact global cooperation: Experts

By Yifan Xu in Washington | China Daily | Updated: 2025-04-28 11:17
Share
Share - WeChat
President of the European Central Bank Christine Lagarde speaks with Swiss Confederation President and head of the Federal Department of Finance Karin Keller-Sutter durring a break of the G20 Finance Ministers and Central Bank Governors meeting at the 2025 annual IMF/World Bank Spring Meetings in Washington, DC, US, April 24, 2025. [Photo/Agencies]

Leading policymakers and experts warned in Washington that rising uncertainty about US commitment to multilateralism and tensions between major countries could pose challenges to global economic and climate cooperation, even as pressing development needs, especially in Africa, demand urgent attention through forums like the G20.

The G20 remains the "premier forum for international cooperation" but faces perhaps its "greatest test" in forcing collective action in an increasingly divided world, said Brahima Sangafowa Coulibaly, vice-president of Global Economy and Development at Brookings Institution, opening the panel on Tuesday titled "Strengthening global economic cooperation for a changing world: The unique role of the G20".

Caroline Atkinson, a former US deputy national security adviser for international economics, expressed her worry about the US' disengagement and its potential impact on G20.

"The US is essentially walking away from international cooperation, really, in my view, weakens the G20," said Atkinson. She suggested future cooperation "may be, sadly, from my point of view, going around the US in some way now rather than relying on the US to be a supportive partner".

An event on the same day hosted by the Center for Strategic and International Studies echoed this uncertainty in the climate sphere. During the event, titled "The Post-Post-Paris World: Evaluating Options for Global Climate", the panelists highlighted concerns that the US' potential second withdrawal from the Paris Agreement, under Donald Trump's second term as the US president, could destabilize global climate efforts, though perhaps with less shock than the first exit, said Joseph Majkut, director of CSIS' Energy Security and Climate Change Program.

The excerpts pointed out that adding to the complexity is the strained relationship between the world's two largest economies.

Duncan Pieterse, the director-general of South Africa's National Treasury and co-chair of the G20 Finance and Central Bank Deputies, said that despite these headwinds, the G20, under South Africa's current presidency, is pushing forward, particularly focusing on development issues critical to the Global South. He described the G20 process as a "relay event", emphasizing continuity.

"Our presidency comes after a few emerging markets have had the G20 presidency," Pieterse said at the Brookings event, which took place on the sidelines of the World Bank and International Monetary Fund 2025 spring meetings last week.

Key areas

"There's a lot of that agenda that resonates with our priorities," he said, mentioning that the key areas include reforming multilateral development banks to be "bigger, better, more effective" to enhance debt sustainability through mechanisms like the common framework, mobilize capital for infrastructure, and strengthen domestic resource mobilization.

Pieterse highlighted that South Africa has introduced a new workstream specifically targeting "growth and development challenges on the African continent", focusing on macroeconomic vulnerabilities, infrastructure, the cost of capital, and institutional weaknesses. "Interestingly, it has received very wide support across the G20… this is one area where I think a lot of countries have rallied around," he said.

Success, Pieterse added, involves institutionalizing this Africa focus beyond South Africa's term.

China's role within this complex dynamic was referenced multiple times. Atkinson mentioned the Euro crisis, where "China and some other countries were interested in talking to the US about what could the US do to help", demonstrating past constructive engagement within the G20 on global stability.

Looking forward, Paola Subacchi, a professor at Sciences Po, Paris, said that the nations need a broader discussion on international development models, mentioning "rethinking, for example, the role of China, how China is moving to the development space and why that's important and how we can engage with that".

Subacchi described the G20's role as coordinating the delivery of global public goods, including financial stability, climate action, and health, a task complicated by managing an economy that is simultaneously "integrated but also fragmented".

The experts at the Brookings event also discussed the challenges faced by developing nations regarding climate change, focusing on how the G20 could support a "just energy transition" in Africa that respects development rights while building climate resilience. They acknowledged the view that "energy transition is at odds with development aims".

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产99久久亚洲综合精品| 好吊视频一区二区三区| 亚洲欧美日韩一区在线观看| 能看毛片的网站| 国产精品R级最新在线观看| z0z0z0女人极品另类视频| 日韩一区二区三| 亚洲日本天堂在线| 精品久久久久久久九九九精品| 国产国语在线播放视频| 2018国产大陆天天弄| 好男人影视在线WWW官网| 久久久亚洲欧洲日产国码aⅴ| 欧美性猛交xxxx免费看手交| 做暧暧免费小视频| 老司机无码精品A| 国产成人av在线免播放观看| 67pao强力打造国产免费| 女人被躁到高潮嗷嗷叫游戏| 丰满人妻一区二区三区视频53| 最新国产精品视频| 亚洲无砖砖区免费| 男女国产一级毛片| 噗呲噗呲好爽轻点| 饭冈加奈子黑人解禁在线播放| 国产精品久久久亚洲| 国产三级免费电影| 8888四色奇米在线观看免费看| 娇妻之欲海泛舟小强| 久久久久亚洲Av片无码v| 欧美videosdesexo肥婆| 亚洲精品网站在线观看不卡无广告| 精品国偷自产在线视频| 国产中文字幕在线播放| 黑人xxxx日本| 国产精品无码翘臀在线观看| 99精品国产99久久久久久97| 小小影视日本动漫观看免费| 丰满少妇高潮惨叫久久久| 日韩精品武藤兰视频在线| 亚洲免费网站观看视频|