SDG 10: Reduced Inequalities | SDG 17: Partnerships for the Goals
Institutions: Ministry of External Affairs | Ministry of Finance | NITI Aayog
The G20 Presidency of South Africa has established an Extraordinary Committee of Independent Experts on global wealth inequality. Commissioned by President Cyril Ramaphosa and chaired by Nobel Laureate Joseph Stiglitz, the committee will deliver the first-ever report on inequality to G20 leaders.
The six-member body includes Adriana Abdenur (Brazil), Winnie Byanyima (Uganda), Jayati Ghosh (India), Imraan Valodia (South Africa), and Wanga Zembe-Mkabile (South Africa), alongside Stiglitz. The committee is tasked with analysing the state of wealth and income inequality, its economic and political risks, and offering practical solutions.
The announcement highlights structural drivers of inequality: the rapid wealth accumulation of the top 1%, sovereign debt overhang, imbalanced tax regimes, and shocks such as vaccine access gaps, energy prices, and trade disputes. Statements from Ramaphosa, Stiglitz, and Ghosh frame inequality as both a systemic risk and a matter of policy choice, requiring coordinated global responses.
Relevant question for policy stakeholders: How might the G20βs Extraordinary Committee reconcile diverse national priorities to propose actionable, politically feasible strategies for reducing wealth inequality?
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https://g20.org/g20-media/president-cyril-ramaphosa-launches-historic-g20-experts-taskforce-led-by-joseph-stiglitz-to-combat-extreme-wealth-inequality/