26 Sep 2009

The Group of 20 must fulfill promises made three years ago during the G8 summit, which resulted in doubling the amount of aid to Africa by 2010, South Africa's president says.

Jacob Zuma also reminded the summit, currently being held in Pittsburg in the United States that the members should focus urgently on implementing all commitments made by the G20 leaders on the needs of low-income South African countries.

He also told the summit on Friday that the G20 should help the developing countries out of the economic crisis; the South African Press Association quoted him as saying.

He noted that since the London summit earlier this year, G20 countries had moved quickly to make greater resources available to the International Monetary Fund (IMF) and multilateral development banks for lending.

"South Africa welcomes proposals for introducing a robust and comprehensive framework for global regulation and oversight and it is calling for capacity support to low-income countries to enable them to comply with new regulations," he said.

South Africa is the only African country with a seat on the G20 and serves as co-chair of the working group on reforming the IMF.

presstv