2023-05-26 05:53:15
“African countries are underrepresented in the institutions of global governance, be it the Security Council or the Bretton Woods system (World Bank and International Monetary Fund), and are denied debt relief. their debt or the financing on concessional terms that they need,” he said in a message marking the day which, according to him, comes at a time when cooperation and solidarity are more necessary than ever for the future of the continent.
In this regard, he called on the multilateral development banks to transform their business models and mobilize funds to attract massive private financing at a reasonable cost for developing countries.
Developed countries should provide the support they promised to combat climate change, and do even more, he said, stressing the need to support action aimed at silencing weapons across the continent.
“Africa is showing a dynamism that nothing can stop; it holds extraordinary potential, whether it is the energy of a large youth or the possibilities offered by free trade”, he further indicated, noting that once the Free Zone An established African continental exchange, the world’s largest single market might lift 50 million people out of extreme poverty by 2035, helping to achieve the Sustainable Development Goals and Agenda 2063.
Mr. Guterres, in this context, called on African governments to continue to seize the opportunities offered by the natural, human and entrepreneurial wealth of the continent, by striving to mobilize more private investment and increase resources at the level national.
He similarly urged the international community to support Africa, adding that at present, historical and economic injustices are hampering progress.
“Africa deserves peace and justice and must be able to count on international solidarity,” he concluded.
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