Categories: Africa

‘Africa must continue to rise,’ says General Assembly President


In a speech delivered during a debate on African development, Assembly  President Philémon Yang addressed the continent’s progress toward the Sustainable Development Goals (SDGs) and the African Union’s (AU) related framework, known as Agenda 2063. 

“There has never been a better time to accelerate progress towards peace, prosperity and sustainable development,” he stated.

Special challenges

Mr. Yang highlighted the recent adoption of the Pact for the Future which acknowledges the special challenges faced by the most vulnerable countries, in particular African States, in the implementation of the 2030 Agenda.

He stressed that despite Africa’s vast energy and agricultural resources, many nations suffer from electricity deficits and food insecurity.

Moreover, debt distress and the unjust global financial system have exacerbated Africa’s financial pressures, resulting in a development financing gap of $1.6 trillion.

He called for a more just financial system, expressing that the current system “prioritises high interest rates and debt servicing over investments in resilience and social services.”

The continent will need about $194 billion in additional financing annually to achieve the SDGs.

Call for global support

While acknowledging the bleak economic outlook, Mr. Yang also praised Africa’s resilience as economic growth in sub-Saharan Africa is projected to increase from 2.6 percent in 2023 to 3.8 percent by 2025.

He urged the global community to help transform Africa’s “untapped ingenuity” into solid foundations for inclusive growth, emphasising that the continent’s growing working-age population could be a major driver of transformative change.

“With more effective financial management, stronger domestic resource mobilisation and better use of debate as a development tool, African economies can fortify and sustain their growth,” he said.

© Abu-Shouk Emergency Response Room

A youth-led emergency response room in Abu Shouk camp provides food for displaced people.

Peace and political solutions

Furthermore, Mr. Yang underlined the importance of peace and political solutions to conflicts, especially in countries such as Sudan and Somalia. He called for legal and societal reforms to address systemic barriers to justice and inequality, noting that “promoting peace and advancing the rule of law in Africa demands a comprehensive strategy.”

He concluded by pledging to keep Africa’s development at the forefront of the General Assembly’s agenda, stressing that “Africa must continue to rise” in its pursuit of a peaceful and prosperous future. 



Source link

gulftimes

Recent Posts

Arab News | Saudi dataset cuts AI errors in Arabic dialects

RIYADH: Global computing and artificial intelligence leader NVIDIA has announced that it used the Saudi…

37 minutes ago

Arab News | Leaders at Egypt summit call for tapping Africa’s capital

CAIRO: African leaders argued for unlocking the continent’s capital at a business summit in Egypt…

50 minutes ago

Arab News | Saudi date exports near $534m as Kingdom retains global lead

JEDDAH: Saudi Arabia ranked first globally in date exports by value for the fourth consecutive…

57 minutes ago

Arab News | Startup Wrap: Gulf investors back robotics, fintech, beauty and proptech

RIYADH: Regional investors across the region deployed capital across sectors includling industrial robotics, alternative financing,…

2 hours ago

Arab News | India sees surge in crude oil imports from Middle East

NEW DELHI: India’s crude oil imports from the Middle East reached 3 million barrels daily…

2 hours ago

Arab News | Riyadh to host global water regulation forum

RIYADH: The Saudi Water Authority will hold the inaugural Water Regulation Exchange in Riyadh on…

2 hours ago