Africa: G20 Welcomes Outcomes of Addis Ababa Conference On Financing for Development


Finance ministers and central bank governors of the world's 20 major economies, accounting for 66 percent of world population, have pledged to "promote an enabling global economic environment for developing countries as they pursue their sustainable development agendas".

In this context, they are looking forward to "a successful outcome" of the U.N. Summit in New York for the adoption of the 2030 Agenda for Sustainable Development. The summit will be held from Sep. 25 to 27 in New York as a high-level plenary meeting of the General Assembly of the world body.

The G20, meeting in Turkey's capital Ankara on Sep. 4-5, reviewed ongoing economic developments, their respective growth prospects, and recent volatility in financial markets and its underlying economic conditions. They welcomed "the strengthening economic activity in some economies" but said that global growth was falling short of their expectations.

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Photo Credit: UN Women

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