Africa-Press – Angola. Angola participates on the 28th and 29th of this month in the city of São Paulo, Brazil, in the first meeting of G20 Finance Ministers and Central Bank Governors to analyze issues linked to the role of national experiences and international cooperation in economic policies.
The Angolan delegation, led by the Minister of Finance, Vera Daves de Sousa, participates in the event as part of the rotating presidency of that organization by the Federative Republic of Brazil, in a year that concludes with the acceptance of the African Union as a permanent member of the G20.
The Angolan delegation includes the Secretary of State for the Budget, Juciene Cristina de Sousa, the deputy governor of the National Bank of Angola (BNA), Pedro Neto e Silva, and the director of the Office of Studies and International Relations, Patrício Neto, who participated, on the 26th and 27th of this month, in the second meeting of the deputy ministers of Finance and deputy governors of the G20 Central Banks, which prepares the ministerial meeting to be held on the 28th and 29th of this month.
G20 Finance Ministers and Central Bank Governors will discuss issues linked to the role of national experiences and international economic policy cooperation in resolving inequality, prospects for global economic growth, inflation, employment and financial stability, international taxation for the century XXI and the multilateral and the role of global debt and finance for development.
The work program also foresees the holding of an Africa-G20 ministerial meeting.
The Angolan delegation’s agenda also includes bilateral meetings at the level of the Minister of Finance, with her counterpart from Brazil, Fernando Haddad, and with the Under-Secretary of the American Treasury Department, Jay Shambaugh, in order to address issues within the cooperation framework bilateral and multilateral.
Upon assuming the presidency of the organization, Brazil announced to invite eight non-member countries to participate in specialty meetings and summits of its work program, namely Angola, Egypt, Nigeria, Spain, Portugal, Norway, United Arab Emirates and Singapore, airing a realignment of Brazilian foreign policy with the agenda of other developing countries.
Brazil focuses its presidency on three priorities: (1) Social Inclusion and the fight against hunger and poverty, (2) Energy Transition and Sustainable Development and (3) Reform of Global Governance Institutions.
The deputy ministers of Finance and deputy governors of the G20 Central Banks have been working these two days in preparation for the ministerial meeting of Finance and Central Bank Governors, where they debated the text of the G20 Ministerial Communiqué, bringing up several issues along the lines of priorities outlined by the Brazilian Presidency, as well as the evolutionary nature of the G20 finance path.
The G20 or Group of 20, created in 1999, is formed by the finance ministers and central bank governors of the 19 largest economies in the world, plus the European Union and the African Union admitted as permanent members in 2023, and has two tracks, that of finance and sherpa and task forces.
Angola, as a guest country, shares the finance track, through the institutional representation of the Ministry of Finance and the BNA, involved in the agendas of the seven working groups on said track, as well as high-level meetings of the Vice-Ministers of Finance and Deputy Governors of Central Banks, as well as Ministers and Governors of G20 Central Banks.
Angola also participates in the Sherpas trail, made up of fifteen working groups and two task forces, through the Ministry of Foreign Affairs, which engages the various national institutions in accordance with the various themes of the Sherpas work agenda.
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