US Deputy Treasury Secretary Neal Wolin
Wolin, who has just visited Rwanda and Tanzania, said South Africa "has a significant role" to play in the global reform process: "You come to the table with a great deal of credibility. Your banks are solvent and have been well managed with little exposure to toxic assets and South Africa's financial regulation is strong."
He stressed the growing importance of the Group of 20 (G20) advanced and developing economies on the international stage. "The shift towards the G20 reflects the critical importance of emerging economies like South Africa, India, Brazil and others. To be credible and effective, global economic co-ordination in the 21st century must take place in a broad and inclusive forum."
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