Delegates arrive at the Cape Town International Convention Centre during the G20 Finance Ministers meeting in Cape Town, South Africa February 25, 2025. REUTERS/Nic Bothma
CAPE TOWN (Reuters) - South Africa sought to salvage international talks on tackling global poverty on Wednesday as finance chiefs of several leading economies skipped a gathering of Group of 20 nations in Cape Town held against a backdrop of foreign aid cuts.
The two-day meeting comes after the Trump administration announced plans to gut its USAID arm and Britain slashed its aid budget by 40% to divert funds towards defence spending.
