Briefing Paper

The G-20 and Financial Regulation in Africa

“In light of the recent global financial and economic crisis, financial stability
is an overarching goal for the world economy. The Group of Twenty (G-20) is the primary global forum for co-ordinating international activities in setting new standards and rules for the global financial sector to promote global financial stability and avoid cross-border spillovers of the financial crisis.
A major issue in this regard is the question of how non-members of the G-20 are
engaged in the G-20 processes. Currently South Africa is the only African member
of the G-20. The policy brief explores this issue in relation to Africa, and discusses
how effectively Africa’s interests and concerns are directly or indirectly addressed
in the G-20 processes.”