Delegates attend the G20 summit in Rio de Janeiro in Brazil on November 18, 2024 (Photo: ANI/ VNA)

Brazilian President Luiz Inacio Lula da Silva delivered a speech, recounting the achievements of Brazil’s G20 presidency, including launching the Global Alliance against Hunger and Poverty and proposing to tax the super-rich.

President Lula highlighted Brazil’s efforts to include climate change in the agenda with commitments to triple the world's renewable energy capacity by 2030 and approval of the first multilateral document on the bioeconomy.

In 2025, South Africa will assume the presidency of the G20, the first African country to lead the powerful group.

South African President Cyril Ramaphosa said South Africa will focus on inclusive economic growth, food security, and artificial intelligence during its Presidency.