The just-concluded G20 Summit managed to discuss and agree on various developmental matters that would be of advantage to South Africa and the African continent, South African President Jacob Zuma said Sunday.
These included the launch of the G20 Africa Partnership, Zuma said upon return from Hamburg, Germany where the summit was held on July 7-8.
This program was launched in recognition of the opportunities and challenges in Africa as well as the goals of the United Nations Social Development Agenda 2030, said Zuma.
"It was agreed that this initiative would be based on equal partnerships and will be in line with the African Union Agenda 2063," the president said.
The partnership will serve South Africa's national interest as it will generate a sustainable and inclusive economic growth, help create decent employment and economic advancement for women and youth as well as alleviate poverty and inequality, according to Zuma.
The partnership will include developmental projects such as G20 Initiative for Rural Youth Employment in developing countries with a focus on Africa, aiming to creat 1.1 million new jobs by 2022 and provide innovative skills development program for at least 5 million young people over the next five years.
The G20 Africa Partnership program will also include projects such as the Women Entrepreneurs Financing Initiative housed at the World Bank, and establishment of the Business Women's Leaders Task Force to work with the G20's Women20 and Business20 initiatives as well as the launch of the eSkills4Girls Initiative to promote opportunities and equal participation for women and girls in digital economy, in particular in low-income and developing countries.
Such developmental programs, Zuma said, were necessary to address the growing discontent by citizens, which is a bigger issue confronting the world.
"We are confronted by rising inequality within countries and a lack of quality jobs. It can not be 'business as usual' where we simply take an approach to better explain the benefits of trade," Zuma said.
South Africa is one of the 19 member countries of the G20 which, in addition to the European Union (EU), has been meeting regularly since 1999 to discuss global economic policy coordination.
(Xinhua News Agency July 9, 2017)