Kagame was speaking at the G20 Summit in Buenos Aires, Argentina, a in his capacity as African Union Chairperson.
“Africa is the reservoir of global economic opportunity in the coming decades. We have the fastest-growing cities, the most youthful population, and many of the highest-growth economies” president Kagame said.
“To take full advantage, Africa needs to increase its participation in global value chains, ensuring of course that our people receive their rightful share of the benefits. Africa therefore looks forward to working more closely with partners in the G20 to reinforce the pillars of the African Union’s Agenda 2063, alongside the Sustainable Development Goals. In that context, I would like to put forward the idea that a standing role for the African Union Commission in the G20 configuration would strengthen coordination in important ways, including on international financial governance” he added.
President Kagame: In that context, I would like to put forward the idea that a standing role for the African Union Commission in the G20 configuration would strengthen coordination in important ways, including on international financial governance #G20Summit
— Presidency | Rwanda (@UrugwiroVillage) November 30, 2018
The 2018 G20 Summit is being held under the theme; “Building Consensus for Fair and Sustainable Development.”
If admitted, the AU Commission would be the second regional bloc to join the organisation after the European Union Commission.
As it is, the G20 is a multinational forum for the governments and central bank governors from 19 countries of the world’s largest economies and the European Union Commission. South Africa is the only African state in the members-list of the bloc.
Key priorities of the African continent to be highlighted at the forum include: an increase in the continent’s level of engagement with the G20, strengthening G20’s commitments to Africa’s Agenda 2063 and greater integration of African economies in the global economy.
President Kagame also held a meeting with his South African counterpart Cyril Ramaphosa on the sidelines of the G20 Summit.
