Brazil Hands Over G20 Presidency to South Africa

President Luiz Inácio Lula da Silva of Brazil officially transferred the G20 presidency to South African President Cyril Ramaphosa at the conclusion of this year’s summit, marking a historic moment for the global organization.

During his closing speech, Lula highlighted the achievements of Brazil’s presidency, which included significant steps toward fostering global inclusivity, equity, and sustainable development.

**Achievements Under Brazil’s Presidency**
Brazil’s tenure introduced several key initiatives:
– A roadmap to strengthen multilateral development banks.
– The establishment of a working group on women’s empowerment.
– Focused discussions on African economies and international debt relief.
– The approval of racial equality-centered sustainable development goals.
– Preparations for a future Social G20 Summit to address critical social challenges.

**Reflecting on Brazil’s Leadership**
*“This year, we hosted over 140 meetings across 15 cities, forging consensus on nearly every working group. While the challenges ahead are vast, we’ve worked tirelessly to pave the way for progress,”* Lula remarked.

**A Bridge Between Continents**
The Brazilian president emphasized the historical and economic ties between Africa and Latin America, expressing optimism for South Africa’s leadership.

As Cyril Ramaphosa takes the helm, the focus now shifts to Africa’s vision for global development, continuing the momentum set by Brazil’s presidency.