Egyptian Prime Minister Mostafa Madbouly addressed a leaders' meeting on the margins of the 81st regular session of the UN General Assembly, held in New York. He called for a reorientation of the international financial system to better reflect the interests and needs of countries in the Global South. The meeting, titled "Partnership for Multilateral Action, Security and Peace," was attended by several heads of state and government, including Kenyan President William Ruto and Canadian Prime Minister Mark Carney.
Madbouly emphasized that achieving noble objectives such as promoting peace and stability, supporting sustainable development, and strengthening multilateralism is becoming increasingly challenging. He cited the rising number of conflicts worldwide, persistent poverty, inequality, and the obstacles hindering the achievement of the Sustainable Development Goals as major concerns. The Egyptian Prime Minister stressed that joint efforts must prioritize preventing and settling conflicts through diplomacy.
Madbouly highlighted the need to address the root causes of conflicts, which often include poverty, inequality, and weak development. He emphasized that the multilateral international system, with the United Nations at its core, must remain central to these efforts. The UN's unique position enables it to provide vital assistance to achieve shared goals, provided it is sufficiently empowered to carry out its mandate.
The Egyptian Prime Minister urged all parties to seize opportunities to give fresh momentum to the multilateral system. He emphasized the importance of providing necessary resources, demonstrating political will, and uniting behind common goals. Madbouly reaffirmed Egypt's commitment to multilateralism and strengthening international cooperation, stating that Egypt is ready to work with all partners to make multilateralism an effective tool for achieving peace, prosperity, and dignity for all.
Madbouly also participated in the opening session of the general debate of the high-level segment of the 81st regular session, held in New York, on the instructions of President Abdel Fattah al-Sisi. The high-level segment is the largest annual gathering of heads of state and government, foreign ministers, and senior UN officials. It provides a platform for presenting national positions on various international and regional issues.
Egypt's participation in the meetings allows the country to set out its vision on priority regional and international issues, affirm the constants of Egyptian foreign policy, and highlight its role in supporting regional stability and strengthening multilateral action. The Egyptian delegation to the 81st regular session includes Badr Abdelatty, Minister of Foreign Affairs, Emigration and Egyptians Abroad.
Madbouly's address and Egypt's participation in the UNGA meetings demonstrate the country's commitment to promoting peace, stability, and multilateralism. The international community's response to Madbouly's call for reform of the international financial system remains to be seen. Egypt's efforts to strengthen multilateral action and cooperation are expected to continue.
Key points
- Egyptian Prime Minister Mostafa Madbouly calls for a fairer global financial system at the UN General Assembly.
- Madbouly emphasizes the need to address root causes of conflicts, including poverty, inequality, and weak development.
- Egypt reaffirms its commitment to multilateralism and strengthening international cooperation.
