Growing public debt burden, shrinking fiscal space leave Africa at crossroads: UNECA
Release time：2024-05-08 01:13:38 Source：Horizon Herald 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：John Swinney expected to lead Scotland after being confirmed as Scottish National Party leader
- Next：Dunkin' Donuts employee reveals the biggest pet peeves she has against drive
Related articles
- More than 40 workers trapped after a building under construction collapsed in South Africa
- Ryan Reynolds says Michael J. Fox helped his late father James 'feel less alone' in his 20
- Elly De La Cruz slugs 3
- California is rolling out free preschool. That hasn't solved challenges around child care
- Women SLAM the skyrocketing price of professional lash extensions
- The Rolling Stones' US tour 'set to feature iconic popstar after setlist leak'
- Music legend reveals they are working on tell
- Taylor Swift's winning streak continues as she breaks record for most pre
- Netanyahu uses Holocaust ceremony to brush off international pressure against Gaza offensive
- China's railways handle over 300 mln passenger trips in festival travel rush
- Lidia Bastianich, Melody Thomas Scott and Ed Scott to receive Daytime Emmys lifetime achievement
- Mexican families searching for missing relatives unite to draw attention to their plight
- Grassroots lawmaker uses technology to empower eco
- Israel and Iran's apparent strikes give new insights into both militaries
- Zendaya wows in a glamorous vintage backless dress as she attends Anna Wintour's star
- Music legend reveals they are working on tell
- 3 Northern California law enforcement officers charged in death of man held facedown on the ground
- Travis Scott anxious to break 0
- Togo's presidents signs a law expected to extend his decades
- Chinese publisher unveils new Harry Potter tie
Random recommendation
Texas Attorney General Ken Paxton can be disciplined for suit to overturn 2020 election, court saysFor the world's largest democratic exercise, one village's polling officers are all womenTexas Attorney General Ken Paxton can be disciplined for suit to overturn 2020 election, court saysTaylor Swift 'calls out Kadarius Toney' on The Tortured Poets Department song about Travis KelceShe means business! Rita Ora steps out in chic tailored threeIndianapolis official La Keisha Jackson to fill role of late state Sen. Jean BreauxCaitlin Clark 'is set to sign eightCensors block blogger after caller asks 'Is Xi Jinping a dictator?' — Radio Free AsiaSurvival expert reveals what to do if you fall OVERBOARD on a cruise shipTexas Attorney General Ken Paxton can be disciplined for suit to overturn 2020 election, court says
- Copyright © 2024 Powered by Growing public debt burden, shrinking fiscal space leave Africa at crossroads: UNECA ,Horizon Herald news portal sitemap