Public Management

G20 agrees to grant AU a permanent seat

G20 agrees to grant AU a permanent seat
Friday, 08 September 2023 11:35

AU’s full integration in the G20 is part of an effort to give the African continent a stronger voice on issues such as climate change, energy transition, and the debt of developing countries.

Members of the Group of 20, which gathers the world’s largest economies, have reached an agreement to grant the African Union (AU) a permanent membership within the group. The news was unveiled Thursday by Bloomberg, which cited sources close to the matter.

Leaders of G20 member countries are expected to officially announce the decision during their Summit scheduled for September 9 and 10 in India, the same sources stated. Granting the AU a permanent seat is aimed at enabling the African continent to have a stronger voice on issues such as climate change, energy transition, and the debt of developing countries and emerging markets.

At the end of August, Indian Prime Minister Narendra Modi expressed his desire for the AU to become a full G20 member. “We have a vision of inclusion, and with this vision, we have invited the African Union to become a permanent member of the G20,” he said during a speech in New Delhi at the Business 20 (B20) summit. This comment comes a few months after similar announcements by U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida, and German Chancellor Olaf Scholz.

The G20 is an international forum of the world's 20 largest and fastest-growing economies (19 countries plus the European Union). Its members represent around 80% of the global GDP, 60% of the world's population, and 75% of international trade. South Africa is currently the only permanent G20 member from the African continent.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Togo raises $53M via bonds and bills, surpassing 30B XOF target Auction saw 160.86% bid coverage; OATs issued at 6.25% for three years Total...
Africa’s instant payment systems processed 64 billion transactions worth $1.98 trillion in 2024, according to AfricaNenda. The continent counted...
EIB and ZICB to mobilize €30M for Zambian agribusiness SMEs 30% of funds reserved for women-led enterprises; €4M risk-sharing...
IFC lends 170 million rand to Lula to boost digital, unsecured SME lending 80% of funds will support micro and small enterprises Deal strengthens a...
Most Read
01

DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...

DRC in Talks with Alibaba, Isoftstone to Develop a Chinese-Style E-Commerce Model
02

West African officials met in Lomé to improve municipal finances for crisis response Talks focuse...

West African Officials Draft Crisis-Proof Budget Strategy in Lomé
03

Launch led by Maroc Telecom, Orange, and Inwi Rollout targets 25% coverage by end-2025 under Digi...

Morocco Launches 5G Nationwide Ahead of 2025 Africa Cup of Nations
04

The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...

Nigeria Launches National Payment Stack, Targets Faster Digital Transactions
05

Germany to provide €49 million ($56.7 million) to support ECOWAS projects. Funds target peac...

ECOWAS secures $56.7mln German support for security and governance
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.