FM Abdelatty Calls for Sweeping Reforms to Global Financial Architecture, UN Security Council

News Agencies

The Egyptian Minister of Foreign Affairs Badr Abdelatty visited Japan this week and called for sweeping reforms to the global financial architecture and the UN Security Council.

At the first event of the Tokyo International Conference on African Development (TICAD) on Saturday, Abdelatty outlined Egypt’s priorities for achieving global peace and development, stressing the need to address various critical challenges.

Abdelatty joined a working lunch hosted by Japanese Foreign Minister Yoko Kamikawa, entitled “Contributing to Solving Global Challenges.” Discussions focused on women’s empowerment, youth engagement, digital transformation, green growth, and artificial intelligence.

Abdelatty called for reforms to the global financial architecture, urging more excellent concessional financing, improved access for developing countries, innovative debt management strategies, and national transformation ownership.

According to MENAFN Abdelatty highlighted Egypt’s support for the Women, Peace, and Security agenda and the role of the Cairo International Center for Conflict Resolution, Peacekeeping, and Peacebuilding (CCCPA) in building African capacity in this area. He announced that Egypt is nearing the completion of its first national action plan on women, peace, and security.

He will include the agenda on the African Union Peace and Security Council’s agenda during Egypt’s presidency in October 2024. The Foreign Minister also emphasized the importance of youth engagement in Africa and referenced the “African Youth Declaration on Re-imagining Global Governance for Peace and Development: The Future We Want” as a critical step towards addressing gaps in global governance frameworks.

He also expressed concern over the UN Security Council’s inability to overcome current stagnation in ongoing conflicts and reiterated Egypt’s support for a unified African position on reforming the council. While in Tokyo, Abdelatty met with Japanese Prime Minister Fumio Kishida, commending the “strategic partnership” between the two countries in April 2023.

 

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