Egyptian Prime Minister Mustafa Madbouly has emphasized the need for a fairer global financial system that better reflects the interests and needs of developing countries. Speaking at a meeting of leaders in New York, Madbouly stressed that the international community must work together to address the challenges facing the world, including poverty, inequality, and conflict. He noted that the current system is not working effectively and that a more equitable distribution of resources is needed.
Madbouly made his comments during a meeting of leaders on "Partnership for Multilateralism, Security, and Peace" on the sidelines of the 81st session of the UN General Assembly. The meeting was attended by several heads of state and government, including Kenyan President William Ruto, Canadian Prime Minister Mark Carney, and European Council President Antonio Costa. Madbouly is leading the Egyptian delegation to the UN General Assembly, which also includes Foreign Minister Badr Abdelatty.
In his speech, Madbouly noted that despite the noble goals of promoting peace, stability, and sustainable development, achieving these objectives has become more difficult than ever. He cited the increasing number of conflicts, poverty, and inequality as major obstacles to achieving peace and stability. Madbouly emphasized that the international community must focus on preventing and resolving conflicts, rather than just responding to their consequences.
Madbouly criticized the tendency of some countries to resort to unilateral measures in response to potential conflicts, rather than engaging in diplomacy. He noted that the root causes of conflicts, including poverty, inequality, and weak development, have not been adequately addressed. Madbouly called for a renewed commitment to multilateralism and the need for countries to work together to address these challenges.
The Egyptian Prime Minister also highlighted the importance of the United Nations in promoting peace and stability. He noted that the UN has a unique role to play in providing vital assistance to countries in need, but that it needs to be adequately resourced to fulfill its mandate. Madbouly emphasized that Egypt is committed to multilateralism and is willing to work with all partners to ensure that it becomes an effective tool for achieving peace, prosperity, and dignity for all.
Madbouly's comments reflect Egypt's commitment to promoting a more equitable and just global order. He noted that the current system is not working effectively and that a new approach is needed. Madbouly called for a more inclusive and representative international system that takes into account the needs and interests of all countries, particularly developing countries.
The meeting of leaders in New York highlights the need for a more coordinated and effective international response to global challenges. Madbouly's call for a fairer global financial system is part of a broader effort to promote sustainable development and reduce inequality. The Egyptian Prime Minister's speech reflects Egypt's commitment to promoting peace, stability, and cooperation at the international level.
Key points
- Egyptian Prime Minister Mustafa Madbouly calls for a fairer global financial system that reflects the interests of developing countries.
