G20
Indonesia's Q1 2026 economic growth hits 5.61 percent, highest in G20
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Indonesia's economy grew 5.61 percent in Q1 2026, the highest in five years and among G20 nations releasing data, according to BPS. Kadin, officials, and the Finance Minister praised the achievement amid global challenges. Growth was driven by household consumption, government spending, and investment.
South Korea's Finance Minister Koo Yun-cheol and US Treasury Secretary Scott Bessent agreed in Washington that excessive volatility in the Korean won against the dollar is undesirable. Seoul's finance ministry said the two will continue consultations on foreign exchange market trends.
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Finance Minister Koo Yun-cheol said on Friday in Washington that the Korean won has stabilized against the U.S. dollar at around 1,460 won per dollar following Iran's reopening of the Strait of Hormuz. He expressed hopes that the won will appreciate in line with market expectations. Koo was in the U.S. capital for G20 finance ministers and central bank governors meetings.
South African President Cyril Ramaphosa has rejected US President Donald Trump's claims of white genocide in South Africa as 'blatant misinformation' during a national address. He reaffirmed South Africa's status as a founding G20 member despite threats to bar it from the 2026 summit. Ramaphosa emphasized continued dialogue with the US while crediting South Africans for the successful G20 presidency.
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US President Donald Trump announced on November 26, 2025, that South Africa will not be invited to the 2026 G20 summit in Miami, Florida, citing a refusal to hand over the presidency during the recent Johannesburg summit. South Africa's government described the move as punitive and based on misinformation. Other G20 members, including Germany, have expressed support for South Africa's continued participation.
President Lee Jae Myung concluded his three-day attendance at the G20 summit in Johannesburg, South Africa, on Sunday, emphasizing international cooperation on AI and critical minerals supply chains. He pledged to host the 2028 G20 with a profound sense of responsibility. Following the summit, he departed for Turkey to complete his four-nation tour.
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African Union Commission Chairperson Mahmoud Youssouf has called on G20 member states to back efforts to enhance intra-African trade and investment. Speaking at a key event on the sidelines of the G20 Summit in Johannesburg, he emphasized the role of developed nations in the success of the African Continental Free Trade Area. Germany announced significant financial support for related initiatives during the gathering.
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