The Globalist Can South Africa keep its G20 presidency promises?
Jul 18, 2025
Brendan von Essen, an Africa analyst specializing in political and economic risks, joins Tara Kangalu, a global affairs journalist and Georgetown University professor. They delve into South Africa's G20 presidency and its ambitious pledges amid geopolitical tensions. The discussion highlights the pressing need for debt relief for developing nations and the impact of global power dynamics. They also touch on Iran’s internal political struggles and the broader implications of these issues on international relations and economic stability.
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South Africa's G20 Challenges
- South Africa's G20 presidency focused on expanding debt relief and sustainability financing, especially for middle income countries in Africa.
- The goal faces challenges due to key absences and geopolitical shifts, making significant progress unlikely.
US Ambivalence Weakens G20
- The US shows ambivalence towards the current G20 cycle, sending lower-level representatives and signaling preference for bilateral agreements.
- This stance diminishes the G20's effectiveness and unity, especially in global economic coordination.
Iran's Strait of Hormuz Leverage
- Iran's threats to close the Strait of Hormuz would harm its own economy the most, as the strait is vital for Iranian oil exports.
- Despite political pressures, Iran likely avoids this move to not alienate China, its primary oil buyer.