Addressing the United Nations General Assembly for the first time, President Boakai calls for the urgent need for reform in the global financial system.
By: Lawrence D. Kawala
Speaking at the United Nations General Assembly, President Boakai has called for the urgent need for reform in the global financial system for the first time at the UNGA.
President Boakai highlighted the 2024 Financing for Sustainable Development Report, which indicates that Least Developed Countries are now spending 12% of their revenues on interest payments—four times more than a decade ago, and urged for decisive action to be taken to address the challenges together and overcome the obstacles that are holding back the progress of developed countries.
Meanwhile, the Liberian leader told the assembly that to accelerate the implementation of the 2030 Agenda, “it is crucial to transform global governance. We need to advocate for a financial system that prioritizes liquidity and reduces the burden on developing nations.” President Boakai, through his first address at the UN General Assembly.
President Boakai said in the ongoing UN General Assembly, “By promoting international cooperation and accountability, we can create a fairer financial environment that empowers all countries to pursue their development goals.”
He, at the same time, urged the international community to take drastic measures to alleviate the economic pressures faced by vulnerable nations.
The 79th United Nations General Assembly is under the theme “leaving no one behind; acting together for the advancement of peace, sustainable development, and human dignity for present and future generations” and is focused on accelerating sustainable development goals.
Keep following Teeria Online Television
About The Author
