The G20, which started in response to the Asian financial meltdown of the late 1990s and was later elevated to a leaders’ summit after the global financial crisis in 2008, has evolved from being a talk shop to the political and economic steering committee for the world. More recently, though, the G20 has emerged as the primary forum for elevating the voice of the Global South.
Brazil will host the next leaders’ summit on 18-19 November, having taken over from India in 2023, and will then pass the baton to South Africa. This will become the fourth consecutive year, starting with Indonesia in 2022, that the G20 presidency will be held by a country of the Global South. In these four years, the Global South agenda has been placed at the front and centre of global governance.
South Africa will be the first African country to head an influential global forum. For a long time, South Africa represented the lone voice of the entire African continent. It was only last year that the African Union was inducted into the G20, as a permanent member of the group, under the advocacy of the Indian presidency, making the forum more inclusive and broadening membership to countries that have traditionally been excluded from world politics.
It’s not only the G20. The growing buzz around BRICS, which had its summit in Kazan last week, is proof of how emerging economies are demanding an alternative to Western-centric models of global governance.
The BRICS has been on an expansion spree of its own, with five new members added last year to the original grouping of five, and more than 30 countries on the waiting list to join. India’s Prime Minister Narendra Modi made sure to emphasise in Kazan that BRICS should be seen as an organisation that wants to “reform” global institutions, and not replace them, carefully differentiating the stance of countries such as India and Brazil from that of China and Russia.