Africa-Press – Angola. Angola’s permanent representative with the United Nations, Francisco José da Cruz, said Thursday in Awaza, Turquemenistan, that the financing challenges that the unlit -based countries (LLDCs) face demand collective, fair and personalized solutions that address their structural vulnerabilities.
By intervening at the high -level round table on “Provision and mobilization of resources and global partnerships reinforced for sustainable development in non -coastal developing countries”, Ambassador Franciscoda Cruz said that, at national level, Angola invested in the mobilization of internal resources through tax reform, digitizing tax administration and fighting capital escape.
‘These measures are reinforcing our ability to finance development in a sustainable and autonomous manner,’ he said.
He acknowledged that internal resources are not sufficient, so it called for increased public development aid (APD) to the least developed countries (PMDs), LLDCs and Small Small In -Development In -Development States (Peid) in a predictably aligned with the priorities of their respective action programs.
He presented the Lobito corridor as an example of the transformative potential of partnerships because it is an initiative that combines financially public and private, with the involvement of neighboring countries such as the Democratic Republic of Congo and Zambia, African Development Bank, European Union and the United States of America.
The diplomat said that this project is improving regional connectivity, reducing logistics costs, promoting value chains and attracting productive investment, demonstrating that solid partnerships can generate inclusive and structural solutions to promote sustainable development.
He took the opportunity to inform the infrastructure financing summit in Africa, to be held in October this year in Angola, in a partnership with the African Union and Auda-Nepad.
The initiative aims to mobilize African and global capital for high-impact projects to reinforce the corridor’s strategy, as well as support investment initiatives in infrastructure aligned with the 2063 agenda and the African continental free trade zone.
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