Overview
On the occasion of the first G20 Finance Ministers and Central Bank Governors Meetings under South Africa's presidency, Oliver Wyman, in collaboration with its partners Nedbank and the Bretton Woods Committee, is proud to host a by-invitation-only official G20 roundtable entitled “Global Financial Architecture In Transition.”
The objective of the roundtable is to bring together local and international experts to support the South African G20 presidency in highlighting concrete deliverables related to the finance track. We aim to stimulate a discussion on relevant policy priorities amid the current global economic landscape and geopolitical challenges.
Sessions
February 27, 9:15 a.m.—10:45 a.m. SAST
Roundtable 1 — Improving The Sovereign Debt Architecture
Our experts will explore strategic interactions between borrower governments and creditors, addressing debt sustainability, social needs, and Sustainable Development Goals financing recent events in countries like Sri Lanka and Kenya have underscored the political and social consequences of debt crises. These situations highlight the need for an approach that accounts for both fiscal stability and the ability of countries to continue investing in sustainable development, including nature and infrastructure, energy transition, and social cohesion.
February 27, 10:45 a.m.—11:45 a.m. SAST
Roundtable 2 — The Future Of The Global Financial Safety Net
Significant progress has been made in recent years to strengthen the global financial safety net (GFSN), with a particular focus on improving coordination between its different layers. However, the adequacy and coverage of the GFSN remain topics of debate, especially regarding its capacity to handle future crises. This session will explore, how geopolitical tensions and the fragmentation of the global economy could also increase economic volatility, thereby placing greater demands on the GFSN and potentially weakening it, including regional financing arrangements (RFAs) and swap lines.
February 27, 11:55 a.m.—13:15 p.m. SAST
Roundtable 3 — Climate Finance Investment And Infrastructure
In this session, we consider what the G20 should do to attract private capital for infrastructure, including generating more bankable projects and allocating more grants for sustainable infrastructure preparation. Developing a common taxonomy for blended finance and defining clear roles within the development banks community will be essential to accelerating infrastructure financing. Developing countries are the most affected by the impacts of the climate crisis yet receive the least amount of climate finance. Foreign finance and domestic mobilization of resources are failing, particularly in emerging markets.
