The United States will host the 2026 Group of 20 (G20) summit at President Donald Trump’s Doral resort in Miami, Florida, fulfilling a plan the president first proposed during his initial term. The announcement was made Friday in the Oval Office.
The Organisation for Economic Co-operation and Development (OECD) reported on Tuesday that G20 countries’ international goods trade rose slightly in the second quarter of 2025, mainly because imports into the United States fell sharply after rising in the first quarter.
Despite tensions over U.S. tariffs and key absences, G20 finance chiefs voiced cautious optimism for a unified stance on trade and global challenges at their meeting in South Africa.
The Financial Stability Board (FSB), the G20’s financial regulator, has paused further climate policy work as the United States distances itself from key initiatives.
The White House National Security Council has instructed U.S. government agencies to suspend all preparations for the upcoming G20 summit in South Africa, according to The Washington Post.
South Africa’s G20 presidency aimed to highlight global inequality, debt, and climate change, but U.S. President Donald Trump has dismissed its agenda. Secretary of State Marco Rubio called the goals “very bad” and will skip next week’s G20 meetings in Johannesburg.
The G20 foreign ministers will convene in Johannesburg on February 20-21, as reported by the Russian Foreign Ministry. This meeting will bring together top diplomats from the world’s major economies to discuss global issues and enhance international cooperation.
The G20 summit in Cape Town, South Africa, is focusing on financing recovery for nations hit by climate-induced disasters and extending debt relief to developing countries.
Indonesia is optimistic it can reach net zero emissions before 2050, a decade earlier than previously targeted, President Prabowo Subianto told a G20 forum.
G20 leaders met in Rio to boost climate action, calling for increased finance and progress at COP29 in Baku. Key goals include aiding developing nations, addressing global warming, and finalising a treaty on plastic pollution by 2024.
U.S. President Joe Biden pledged a $4 billion U.S. contribution to the World Bank's International Development Association fund for the world's poorest countries, a senior Biden administration official said on Monday.
G20 leaders in Rio addressed global conflicts, including Gaza and Ukraine, and called for greater cooperation on climate change, poverty, and tax reform. Brazil launched a global alliance against hunger, while China and the U.S. focused on supporting developing nations.
Chinese President Xi Jinping unveiled eight key measures at the G20 Summit to boost the "Global South," including enhancing the Belt and Road Initiative and launching an "Open Science" partnership with Brazil, South Africa, and the African Union.
UN Secretary-General António Guterres calls on G20 leaders to tackle global crises, push for peace, reform international systems, and take urgent climate action ahead of the Rio Summit. “Our times demand bold leadership and swift solutions,” he urged.
Global climate finance took centre stage as G20 leaders in Rio reached a fragile consensus amidst heated debates, echoing unresolved tensions at COP29 in Baku. As major economies face mounting pressure to fund climate efforts, the future of global warming targets hangs in the balance.
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