G20: Calls for greater cooperation to tackle globe’s unique structural challenges

G20 partners and world leaders have called for greater cooperation to tackle the unique structural challenges facing the globe.

Countries like the United Kingdom (UK) also want more open and balanced trade to address imbalances that can disrupt the flow of trade between nations.

But not every country agrees with some of the resolutions, with Argentina objecting to any declaration that does not have full consensus.

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Leaders of some of the world’s biggest economies have thrown their weight behind the G20’s plans to address structural economic challenges, especially in Africa. South Africa is the first African country to host the annual summit.

UK Prime Minister Keir Starmer called for countries to work more closely together for the benefit of all.

“The G20 has worked together before to fix fundamental problems in the global economy. We need to find ways to play a constructive role again today in the face of the world’s challenges.”

But Argentina’s foreign minister, Pablo Quirno, said his country is not satisfied that consensus has been reached for it to support any summit declaration.

“For Argentina, it is crucial to preserve the integrity of this process by acknowledging when consensus has not been achieved, rather than proceeding with a document that does not accurately reflect our collective will.”

The summit is set to adopt its declaration on Sunday, but it remains unclear when the handover will take place, with the United States (US) not in attendance.