South Africa has taken over the presidency of the world’s premier economic forum, the G20, from Brazil. The G20 presidency operates on a troika system made up of the current, previous and next holders. The three members cooperate with one another in preparing for an annual summit. This means that South Africa will be working with Brazil and the US (2026 presidency).
The G20 members – 19 countries plus the European Union and the African Union –account for about 80% of global GDP, 75% of global exports and 60% of the world’s population.
The Conversation Africa asked Laura Carvalho, a director of Economic and Climate Prosperity at Open Society Foundations and associate professor of economics at the University of São Paulo, what South Africa can learn from Brazil’s experience.
