Growing public debt burden, shrinking fiscal space leave Africa at crossroads: UNECA
Release time：2024-04-26 21:51:46 Source：Planet Pulse news portal
-
ADDIS ABABA, April 23 (Xinhua) -- The growing burden of public debt due to climate-related disasters and the shrinking fiscal space because of increasing financing needs have put Africa at a crossroads, Claver Gatete, executive secretary of the United Nations Economic Commission for Africa (UNECA), has said. The executive secretary made the remarks on Tuesday at the opening of the 10th Africa Regional Forum on Sustainable Development in Addis Ababa, the capital of Ethiopia. The forum's theme is "Reinforcing the 2030 Agenda for Sustainable Development and Agenda 2063 and eradicating poverty in times of multiple crises: the effective delivery of sustainable, resilient and innovative solutions." Underscoring the urgency of addressing critical challenges related to climate change and financial challenges across the continent, Gatete said Africa's infrastructure and climate change needs are estimated to cost between 68 billion and 108 billion U.S. dollars annually. "Despite Africa's remarkable resilience, evidenced by its status as the second-fastest growing region globally, we cannot overlook the stark realities of poverty, hunger and inequalities in Africa," the executive secretary said. Recalling that African leaders have recently expressed concerns about the inadequacy of the global financial architecture to meet the continent's evolving needs, he called for a redesign of the global financial system to leave no one behind. He said the United Nations has identified six transitions as key investment pathways for implementing the Sustainable Development Goals (SDGs), including improving food systems, energy access and affordability, digital connectivity, education, and social protection. "We cannot do business as usual. Mindful of the interconnectedness of the SDGs, we need to be selective and focus on areas that will trigger a cascading domino effect and deliver maximum impact on the ground," Gatete added.
（Editor:Liao Yifan）
- Previous：Man City beats Brighton 4
- Next：Rosie Huntington
Related articles
- Chiefs trade up with Bills to select WR Xavier Worthy at No. 28 in NFL draft
- Three killed in Ethiopia shootout as regional rebellions spill into the capital
- A Nigerian transgender celebrity is jailed for throwing money into the air, a rare conviction
- US and Philippines step up strategic partnership as China threats loom in South China Sea
- White Sox drop to 3
- Bangladesh fire: At least 43 dead in Dhaka building blaze
- Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
- Why did Yoon's party lose in South Korea's elections and what troubles does he face now?
- South Carolina championship
- Louisiana lawmakers reject minimum wage raise and protections for LGBTQ+ people in the workplace
- China to launch Shenzhou
- Prince Harry scores goal in charity polo match as Meghan, Netflix cameras look on
- Cable car accident in Turkey sends 1 passenger to his death and injures 7, with scores stranded
- Roberto Cavalli, Italian fashion designer, dies at 83
- Study says it's likely a warmer world made deadly Dubai downpours heavier
- Trump to host rally on Biden's home turf in northeast Pennsylvania
- Belgium launches probe into suspected Russian interference in upcoming EU elections
- Arizona's near
- The Latest: Trump takes to social media before Supreme Court arguments
- Rescuers in Ukraine pull 5 puppies from the rubble of a building destroyed by fire
Random recommendation
China's Yutong electric buses debut in MaltaBook on Xi's Discourses on China's Manufacturing Strength PublishedXi Congratulates Felix Tshisekedi on Reelection as DR Congo's PresidentJapan draws up whitewash plan to salvage image3 killed in military helicopter crash in CubaVenezuelan, Colombian leaders meet on bilateral tiesArt in crisis: Thefts spark doubts over British MuseumEcuador's former vice president taken to hospital after arrestNumber of foreign visitors to China sees significant reboundFirm career path enables Kenyan man to find feet in society
- Copyright © 2024 Powered by Growing public debt burden, shrinking fiscal space leave Africa at crossroads: UNECA ,Planet Pulse news portal sitemap