HIGH-LEVEL SIDE EVENT: G20 COMPACT WITH AFRICA FOR ECONOMIC GROWTH AND JOBS

At a high-level G20 side event in Johannesburg co-chaired by South Africa and Germany during South Africa's G20 presidency, leaders advanced the Compact with Africa initiative, now expanded to 15 members including new joiners Angola and Zambia. Key developments included Germany's announcement of a 37 million euro equity investment in the African Trade and Investment Development Insurance to mobilize up to 500 million dollars in trade and investment, alongside a new World Bank Group multi-donor trust fund seeded with 10 million euros for Compact 2.0, focusing on reforms, infrastructure, skills, and private sector mobilization as exemplified by Ethiopia's macroeconomic and sectoral changes. The discussions reaffirm G20-Africa partnerships as vital for unlocking investment, creating jobs, and driving sustainable economic growth and resilience across the continent.