The G-20 and Financial Regulation in Africa

Image: Flickr, Herman Van Rompuy
Image: Flickr, Herman Van Rompuy

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.

The views expressed in this publication/article are those of the author/s and do not necessarily reflect the views of the South African Institute of International Affairs (SAIIA).

11 Nov 2013