{"id":18749,"date":"2023-02-18T17:12:25","date_gmt":"2023-02-18T17:12:25","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/un-secretary-general-says-africa-dramatically-underrepresented-in-global-institutions"},"modified":"2023-02-18T17:36:53","modified_gmt":"2023-02-18T17:36:53","slug":"un-secretary-general-says-africa-dramatically-underrepresented-in-global-institutions","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/un-secretary-general-says-africa-dramatically-underrepresented-in-global-institutions","title":{"rendered":"UN Secretary General Says Africa Dramatically Underrepresented in Global Institutions"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ethiopia. <\/strong><\/span>Addis Ababa \/ENA\/ February 18\/2023 United Nations (UN) Secretary-General Antonio Guterres has affirmed that Africa is dramatically underrepresented in global institutions, citing the financial institutions and the Security Council typical examples.<\/p>\n<p>Addressing the 36th ordinary Session of the AU Assembly, Guterres said the African Union is taking inspiring steps to realize the enormous potential of this great continent.<\/p>\n<p>\u201c In particular, I am pleased to see your strong focus on job creation and the enormous potential of the African Continental Free Trade Area (AfCFTA)\u201d he affirms.<\/p>\n<p>This represents a truly transformative pathway to job creation, prosperity for Africans especially for the youth, .<\/p>\n<p>\u201cI applaud the exciting progress that you have made so far. The UN is proud to be your partner and to work together. The ties between the AU and the UN have never been stronger.\u201d<\/p>\n<p>But, he added \u201cI also recognize the enormous test that Africa and our world is facing virtually every front.\u201d<\/p>\n<p>Guterres mentioned climate chaos \u2014 that the people of Africa did very little to cause \u2014 that is whipping up floods and deadly droughts, putting communities and lives at risk and displacing millions.<\/p>\n<p>\u201cThe message is clear, Africa needs action. Africa is rich in its potential but it is not rich in global support. Investing in Africa pathways to prosperity requires finance,\u201d he pointed out.<\/p>\n<p>For the UNSG, the global financial system routinely denies African countries of debt relief and concessional financing while charging extortionate interest rates.<\/p>\n<p>The beating heart of this system \u2014 every decision, mechanism and process \u2014 should be centered on the needs of developing countries, he underlined.<\/p>\n<p>\u201cThey should have a far greater voice in global institutions \u2014 including financial institutions. The Security Council, the Bretton Woods system are typical examples where Africa is dramatically underrepresented, \u201d the UN Secretary General pointed out.<\/p>\n<p>He also underlined we need a new debt architecture that provides debt relief and restructuring to vulnerable countries \u2014 including middle-income countries \u2014 while providing immediate debt suspension and write-downs to countries in need.<\/p>\n<p>Multilateral development banks should transform their business model and accept the new approach to support developing countries particularly in Africa, he further noted.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/ethiopia\">Ethiopia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ethiopia. Addis Ababa \/ENA\/ February 18\/2023 United Nations (UN) Secretary-General Antonio Guterres has affirmed that Africa is dramatically underrepresented in global institutions, citing the financial institutions and the Security Council typical examples. Addressing the 36th ordinary Session of the AU Assembly, Guterres said the African Union is taking inspiring steps to realize the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":18748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,277,235],"class_list":["post-18749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-ethiopia-2","tag-ethiopia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UN Secretary General Says Africa Dramatically Underrepresented in Global Institutions - Ethiopia<\/title>\n<meta name=\"description\" content=\"Addis Ababa \/ENA\/ February 18\/2023 United Nations (UN) Secretary-General Antonio Guterres has affirmed 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