Staff Reporter
PRESIDENT Nangolo Mbumba reiterated the importance of reforming the global financial architecture to more effectively meet the needs of the Global South.
He made these remarks at the Hamburg Sustainability Conference (HSC), taking place in Hamburg, Germany. The conference aims to facilitate dialogue among governments, academia, civil society, and business leaders.
“I believe in the path of hope, which is centred on the fight against climate change; the promotion of international peace; the eradication of poverty and hunger; and the responsible harnessing of digital technologies for the benefit of all humanity. We need platforms of this nature to dialogue and to entrench the path of hope and the momentum the Summit of the Future created for partnership and collective action,” the president explained.
He added that the United Nations (UN) Summit of the Future and the recent adoption of the Pact for the Future offer the international community an opportunity to strengthen global agreements and institutions, ensuring the effective implementation of the Sustainable Development Goals. However, he stressed that the international system must be equipped to finance these goals through an innovative global financial architecture.
“We cannot talk about renewal of international relations and implementation of the Pact if we don’t reform the global financial architecture to respond better to the needs of the Global South,” President Mbumba added.
