The G-20 and financial regulation in Africa

South African Institute of International Affairs (SAIIA) (SAIIA Policy Briefing 78)

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In light of the recent global financial and economic crisis, financial stability is an overarching goal for the world economy. The Group of Twenty (G-20) is the primary global forum for co-ordinating international activities in setting new standards and rules for the global financial sector to promote global financial stability and avoid cross-border spillovers of the financial crisis. A major issue in this regard is the question of how non-members of the G-20 are engaged in the G-20 processes. Currently South Africa is the only African member of the G-20. The policy brief explores this issue in relation to Africa, and discusses how effectively Africa’s interests and concerns are directly or indirectly addressed in the G-20 processes.