Overview
- The 122-point Leaders’ Declaration was approved at the start of the summit in an unusual break from G20 practice, with Argentina declining to endorse the text.
- The declaration centers on debt sustainability, scaled climate and disaster finance, just energy transitions, critical minerals value capture, and equitable access to AI and technology.
- South Africa completed the formal handover of the G20 presidency to the United States, capping a four-year run of Global South chairs that broadened the group’s agenda.
- Multiple leaders were absent, including the United States, underscoring strains in the G20’s consensus norms and the optics of an increasingly fragmented forum.
- Reuters reporting highlights record emerging-market debt and limited progress under the Common Framework, while analysts warn the 2026 U.S. presidency could sustain, dilute, or redirect Johannesburg’s commitments.