Latest news with #Leaders'Summit
IOL News
a day ago
- Business
- IOL News
G20 faces a generational test amid geopolitical challenges
Delegates to the U20 African Mayors Assembly at the Union Buildings, Pretoria on June 17, 2025. Image: DIRCO Alvin Botes Since December 1 last year until the Leaders' Summit in November 2025, South Africa chairs the world's most influential economic forum, that is the G20, under the theme: 'Solidarity, Equality, Sustainability'. The theme signals our determination to put people — not profits — at the centre of global decision-making. Our high-level priorities are clear and interlinked. Firstly, inclusive economic growth, industrialisation, employment and the reduction of inequality. Secondly, food security in an era of climate disruption. Thirdly, harnessing artificial intelligence and broader technological innovation for sustainable development. Complementing these three priorities is our drive for disaster-risk resilience and fair debt-relief architecture so that climate-vulnerable and heavily indebted countries are not forced to choose between servicing loans and saving lives. The stakes could not be higher. The International Labour Organisation (ILO) reports that global unemployment is hovering near a historic low of five per cent, yet globally the average for young people remains stubbornly high — about 13 per cent worldwide, and more than double that in many developing economies. Here at home, 4.8 million South Africans aged 15–34 are unemployed; 58 per cent of them have never had a single day of paid work, and our youth unemployment rate climbed to 46.1 per cent in the first quarter of this year. Beyond the headline numbers lurk deeper structural hazards: one in five young Africans is classified as NEET—'not in employment, education or training'—and those already in work face a future in which artificial intelligence-driven automation could render up to 40 per cent of entry-level jobs obsolete by 2035, according to the World Economic Forum's Global Risks Report. Compounding that uncertainty are intersecting crises of mental-health fragility, climate anxiety, escalating conflict-driven displacement, and the rising cost of living that now consumes, on average, 38 per cent of a young person's monthly income across the G20. Add to that what the economist Adam Tooze calls a global 'poly-crisis' which includes, amongst others, geopolitical polarisation, climate-related disasters, food-price shocks and widening digital divides. And it becomes clear why the South African presidency has framed 2025 as a make-or-break moment for multilateral cooperation. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. 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Advertisement Next Stay Close ✕ Geopolitically, the world is also experiencing what some economists such as Mark Blyth, Mohamed El-Erian and Michael Spence call a 'perma-crisis': the United States and China are locked in an uneasy dance of de-risking, Russia-Ukraine war continues to reshape energy and grain markets, and simmering conflicts from the Red Sea to the Sahel threaten already fragile supply chains. At the same time, global public debt has surpassed US $100 trillion, forcing developing nations to divert scarce resources away from youth programmes toward interest payments. In the Employment Working Group of the Sherpa Track, we are negotiating a compact on youth employment and skills, building on the Antalya Goals (which were agreed to during Türkiye's presidency of the G20) but adding targets for digital-economy apprenticeships, recognition of micro-credentials and mutual portability of qualifications across G20 members. If endorsed by leaders, the compact will potentially translate into an estimated 10 million paid internship placements over five years, with a gender-parity clause and an annual public scorecard so you can hold the G20 accountable. In the Finance Track, we are advancing an 'Innovation & Inclusion Facility' financed through blended public-private instruments to support start-ups led by women and young people in frontier technologies and green manufacturing. Its first-phase endowment of US $3 billion will be disbursed via challenge funds that prioritise township and rural enterprises, with a target of 150,000 sustainable jobs by 2027. In the Agriculture Working Group and the Environment and Climate Sustainability Working Group, we are championing a Just Agri-Transition Facility that links smallholder farmers, including youth, to climate-smart finance and regional value chains. Beyond financing climate-resilient seed and drip-irrigation systems, the facility will underwrite a Pan-African farmers marketplace app that is targeted at youth and guarantees offtake agreements with regional supermarket chains. Finally, our AI priority aims to deliver a 'Pan-G20 Youth Digital Corps,' a volunteer-to-employment pipeline that pairs South African coders with continental and global partners to solve public-sector data challenges. The G20 was born out of the 1997 Asian financial meltdown and re-energised amid the 2008 crash. It now faces a generation-defining test: can it propel the global economy so that young people inherit not debts and droughts but opportunity and hope? South Africa believes it can—if the world finally listens to its largest demographic - the youth. * Alvin Botes is Deputy Minister of International Relations and Cooperation. ** The views expressed do not necessarily reflect the views of IOL, Independent Media or The African.
Scoop
5 days ago
- Politics
- Scoop
Prime Minister Marape Reinforces PNG's Commitment At MSG
Papua New Guinea's Prime Minister, James Marape, arrived Sunday in Suva, Fiji, to attend the 23rd Melanesian Spearhead Group (MSG) Leaders' Summit. The summit, chaired by Fiji this year, brings together leaders from all Melanesian states and the FLNKS (Kanak and Socialist National Liberation Front of New Caledonia) to address shared priorities such as climate action, trade, regional security, and decolonisation efforts. Prime Minister Marape is accompanied by the higher education minister, Feo Kinoka. His attendance underscores Papua New Guinea's commitment as a founding and senior member of the MSG, an organisation established in 1986 to strengthen political, economic, and cultural ties among Melanesian nations. Vanuatu has handed over its role as chairperson to Fiji. This transition preceded the formal opening of the MSG Leaders Plenary meeting and a closed-door Leaders' Retreat. Prime Minister Marape is expected to deliver Papua New Guinea's country statement, reaffirming the nation's dedication to strengthening MSG cooperation while reinforcing broader regional partnerships through the Pacific Islands Forum (PIF). "The Pacific region stands at a crossroads. We must take a proactive approach to safeguarding our sovereignty, protecting our resources, and ensuring that our voices are heard on the global stage. Our collective efforts must also voice strongly against human rights abuses in our region and for respect for all our people and members of our Pacific Islands Forum (PIF), the Melanesian Spearhead Group community, and others." He is also anticipated to advocate for reforms within regional organisations to ensure they remain responsive, inclusive, and capable of meeting current and future development and security challenges. A significant aspect of Prime Minister Marape's engagement in Fiji includes high-level political talanoa consultations with the Eminent Persons Group (EPG) of the PIF. These discussions are taking place on the sidelines of the MSG Leaders' Meeting and are part of a wider regional effort led by the PIF to enhance Pacific solidarity and strategic cooperation. The talanoa process will focus on critical issues such as regional security, climate change, fisheries resource management, political governance, national sovereignty, and the institutional reforms of both regional and sub-regional groupings in the Pacific. Prime Minister Marape has consistently called for a reformed and united Pacific architecture, and he is expected to advocate for stronger collaboration between MSG members and the wider Pacific community. He has emphasised the importance of regional ownership, institutional capacity-building, and ensuring that regional decision-making remains grounded in Pacific cultural values while embracing innovation, inclusion, and resilience. The United Liberation Movement for West Papua (ULMWP) is present at the MSG meeting as an observer, and there have been calls for West Papua to be included as a full member of the MSG. This ongoing discussion reflects a persistent aspiration for greater recognition and self-determination for West Papua within the Melanesian family. It is understood that Prime Minister Marape will also highlight his discussions with French President Emmanuel Macron on New Caledonia. These discussions typically centre on the decolonisation process in New Caledonia and the future of the FLNKS, which is a member of the MSG, reflecting a shared regional interest in the self-determination of the Kanak people.
Canada Standard
11-06-2025
- Business
- Canada Standard
South African president plans to hold talks with G7 leaders
JOHANNESBURG, June 10 (Xinhua) -- South African President Cyril Ramaphosa said on Tuesday that he is planning to hold bilateral meetings with several Group of Seven (G7) counterparts, including U.S. President Donald Trump, during the upcoming G7 summit. "I'm hoping that when we meet the various other leaders of various countries who are part of the G7, we'll be able to interact meaningfully with them. I'm going to have bilaterals with the chancellor of Germany, with the prime minister of Canada, and of course, I will also be meeting President Trump, who we met at the White House," he said. Speaking to the media in Pretoria, Ramaphosa once again described his recent White House visit as a success, despite criticism surrounding allegations of an unfounded "white genocide." He said that the main objectives of the visit were to reset relationships between the two countries and focus on trade issues. "It's important for us to reposition ourselves in the turbulent geopolitical architecture," he stated. South Africa was among the countries affected by the United States' trade tariffs. Ramaphosa told reporters that discussions on trade were ongoing, and "those engagements are taking place." Ramaphosa said he was invited by Canada and the meeting of the G7 was a perfect opportunity for South Africa to "propagate" its G20 message "and how we want to see great outcomes out of the G20." "We're going to use it (the G7 summit) as a platform to begin to consolidate what we want to achieve in November when the (G20) Leaders' Summit takes place here, so it's a great opportunity and we we're hoping that there will be good outcomes out of it," Ramaphosa noted.
Cision Canada
07-06-2025
- Business
- Cision Canada
Prime Minister Carney announces Canada's G7 priorities ahead of the Leaders' Summit Français
OTTAWA, ON, June 7, 2025 /CNW/ - Fifty years ago, in the face of upheaval and geopolitical tensions, a small group of advanced economies formed what is now the G7 – a forum for co-operation, stability, and shared prosperity. In 2025, as global challenges intensify, the G7 must meet this moment with purpose and with force. Today, the Prime Minister, Mark Carney, announced the priorities that will guide Canada's 2025 G7 Leaders' Summit, to be held in Kananaskis, Alberta, from June 15 to 17, 2025. Anchored in building stronger economies, Canada will seek agreements and co-ordinated action on three core missions: Protecting our communities and the world – strengthening peace and security, countering foreign interference and transnational crime, and improving joint responses to wildfires. Building energy security and accelerating the digital transition – fortifying critical mineral supply chains and using artificial intelligence and quantum to unleash economic growth. Securing the partnerships of the future – catalyzing enormous private investment to build stronger infrastructure, create higher-paying jobs, and open dynamic markets where businesses can compete and succeed. Other discussions will include a just and lasting peace for Ukraine and other areas of conflict around the world, and a forward-looking agenda that engages partners beyond the G7, recognizing that our long-term security and prosperity will depend on building coalitions with reliable partners and common values. Quote "Canada has what the world wants and the values to which others aspire. The G7 Leaders' Summit in Kananaskis is a moment for Canada to work with reliable partners to meet challenges with unity, purpose, and force. Canada is ready to lead." — The Rt. Hon. Mark Carney, Prime Minister of Canada Quick Facts This is the seventh time that Canada has held the Presidency of the G7. This year's Leaders' Summit in Kananaskis, Alberta, will take place on the traditional territory of the Blackfoot Confederacy Nations of the Kainai, Piikani, and Siksika, and the Stoney Nakoda Nations comprised of the Bearspaw, Chiniki, and Goodstoney First Nations, and the Tsuut'ina First Nation. We also acknowledge the Otipemisiwak Métis People and Government who reside on this territory and all people who make their homes in the Treaty 7 region of Southern Alberta. This document is also available at SOURCE Prime Minister's Office
Yahoo
07-06-2025
- Business
- Yahoo
Prime Minister Carney announces Canada's G7 priorities ahead of the Leaders' Summit
OTTAWA, ON, June 7, 2025 /CNW/ - Fifty years ago, in the face of upheaval and geopolitical tensions, a small group of advanced economies formed what is now the G7 – a forum for co-operation, stability, and shared prosperity. In 2025, as global challenges intensify, the G7 must meet this moment with purpose and with force. Today, the Prime Minister, Mark Carney, announced the priorities that will guide Canada's 2025 G7 Leaders' Summit, to be held in Kananaskis, Alberta, from June 15 to 17, 2025. Anchored in building stronger economies, Canada will seek agreements and co-ordinated action on three core missions: Protecting our communities and the world – strengthening peace and security, countering foreign interference and transnational crime, and improving joint responses to wildfires. Building energy security and accelerating the digital transition – fortifying critical mineral supply chains and using artificial intelligence and quantum to unleash economic growth. Securing the partnerships of the future – catalyzing enormous private investment to build stronger infrastructure, create higher-paying jobs, and open dynamic markets where businesses can compete and succeed. Other discussions will include a just and lasting peace for Ukraine and other areas of conflict around the world, and a forward-looking agenda that engages partners beyond the G7, recognizing that our long-term security and prosperity will depend on building coalitions with reliable partners and common values. Quote "Canada has what the world wants and the values to which others aspire. The G7 Leaders' Summit in Kananaskis is a moment for Canada to work with reliable partners to meet challenges with unity, purpose, and force. Canada is ready to lead."— The Rt. Hon. Mark Carney, Prime Minister of Canada Quick Facts This is the seventh time that Canada has held the Presidency of the G7. This year's Leaders' Summit in Kananaskis, Alberta, will take place on the traditional territory of the Blackfoot Confederacy Nations of the Kainai, Piikani, and Siksika, and the Stoney Nakoda Nations comprised of the Bearspaw, Chiniki, and Goodstoney First Nations, and the Tsuut'ina First Nation. We also acknowledge the Otipemisiwak Métis People and Government who reside on this territory and all people who make their homes in the Treaty 7 region of Southern Alberta. Associated Link Canada's 2025 G7 Presidency This document is also available at SOURCE Prime Minister's Office View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
