Addis Ababa: Ethiopia’s Minister of Foreign Affairs Taye Atske Sellasie held a discussion with Executive Secretary of the UN Economic Commission for Africa (ECA), Claver Gatete on strategic areas of importance.
Their discussion focused on strengthening collaboration between Ethiopia and ECA in strategic areas of importance defined by Prime Minister Abiy Ahmed, such as innovation, statistical data, social development and macroeconomic development.
On the occasion, Claver Gatete noted that ahead of the opening of ‘Africa Hall in October 2024, the government of Ethiopia and ECA will collaborate on marketing and linking this iconic masterpiece to other strategic sites of historical, research and touristic importance – Africa Hall -An iconic spot to tell Africa’s story.
With Ethiopia’s leadership in the Financing for Development (FFD) agenda, the two dignitaries agreed on the importance of Africa’s finance ministers in the FFD2025 preparations for meaningful financial traction and voice, ahead of the Summit of
the Future, to be held in September 2024 under an overarching theme ‘Multilateral Solutions for a Better Tomorrow’.
Their discussion also stressed the imperative for Africa’s strong voice to be heard on Global Financial Architecture (GFA) reform.
The ECA Executive Secretary noted that high indebtedness is a bombshell on development, Sustainable Development Goals (SDGs) and AU Agenda 2063 and the global economy. Concessional lending is not enough.
Gatete posted on X that: ‘Credit rating is impacting on affordable financing and investment grading.’
Failure to reform the GFA is not an option, the executive secretary underscored.
Source: Ethiopian News Agency