The 19th G20 Summit concluded on 19 November 2024, with Brazil’s President Lula Da Silva handing over the presidency to South Africa’s President Cyril Ramaphosa. President Lula highlighted key initiatives during Brazil’s presidency, including:
- Launching the Global Alliance Against Hunger and Poverty.
- Introducing a debate on taxing and integrating climate change into the agendas of Finance Ministries and Central Banks.
- Approving the first multilateral document on the bioeconomy.
- Establishing a Women’s Empowerment Working Group and proposing a new Sustainable Development Goal (SDG) to promote racial equality.
- Committing to triple global renewable energy capacity by 2030 and forming a coalition for local production of vaccines and medicines.
- Advocating reforms to make global governance more representative and engaging society through the G20 Social platform.
The summit also focused on addressing health challenges through WHO investment rounds, fostering cooperation in open innovation, and creating a task force for the governance of artificial intelligence.
President Lula noted that South Africa’s presidency would mark the completion of a leadership cycle in which all G20 member countries will have led the group at least once. The event represented the penultimate stage of a four-year sequence of G20 leadership by developing countries: Indonesia, India, Brazil, and South Africa.
