Finance ministers and central bank chiefs from the Group of 20 developed and developing nations gathered in South Africa on Wednesday for a two-day meeting marked by the absence of U.S. Treasury Secretary Scott Bessent and several other high-profile figures.

South Africa's G20 presidency this year will prioritise efforts to help developing countries finance their shift to a low-carbon economy, President Cyril Ramaphosa said, even as the United States radically scales back its support.

Finance ministers and central bankers from the G20 convened in South Africa, but key figures absences and deep divisions over climate, debt, and inequality overshadowed discussions. Japans Finance Minister Katsunobu Kato,

President Cyril Ramaphosa has formally opened the G20 Finance Ministers, and Central Bank Governors' meeting in Cape Town this Wednesday 26 February.