Economies can manage shocks when policies are aligned and rules are predictable, but the most important lesson is that resilience comes from common preparedness rather than isolation, said Prime Minister and Asean Chair 2025 Datuk Seri Anwar Ibrahim at the G20 Leaders Summit in Johannesburg, South Africa on Nov 22.
00:00I thank President Cyril Ramaphosa for his leadership and for South Africa for inviting Malaysia and as ASEAN Chair to this summit.
00:13We meet in a country and continent that has endured the most dehumanizing aspect of apartheid and colonization.
00:25The expectation from countries in the South is for G20 to pursue an agenda that is just and fair,
00:35to be unequivocal on our resolve to end the atrocities and colonization in Gaza,
00:46end the civil strife in the Sudan and achieve an amicable resolution to the war in Ukraine.
00:57Malaysia has worked with our Asian neighbors in particular to manage political conflicts, tariff shocks, supply chain pressures and rapid technological change.
01:09We have found that when policies are aligned and rules are predictable, shocks pass through with less damage.
01:19The lesson is clear. Resilience comes from common preparedness, not isolation.
01:27This lesson matters because the next disruption will likely be harder to burden.
01:32Artificial intelligence will recognize labor markets at a pace our institutions will struggle to match.
01:41Without early investment in transitions, workers, especially the young and women, will face these shifts alone.
01:53Global resilience cannot be built on fiscal exhaustion.
01:58Many developing economies now spend more on servicing debt than on education and investment.
02:06Countries need the capacity to invest ahead of disruption, not after.
02:13Multilateral development banks must be ready to deploy more quickly and work closely with countries to support their investments and build resilience.
02:23We are ready to work with all partners to meet this common challenge and to help sustain an open, predictable global economy that gives our people a fair chance to thrive.
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