re posted from AFRICA AND THE WORLD
South African Pres. Ramaphosa Calls For End to Poverty and a New Global Deal
24 September 2020
South African President, Cyril Ramaphosa in his address to the United Nations calls for the necessity to end poverty in Africa and the need to establish a New Global Deal that provides affordable credit. I fully support these goals. I have advocated for the creation of a New Bretton Woods for decades. Without a new international financial architecture that provides long-term low-interest credit to developing nations for infrastructure, African nations will not be able to fulfill their ambition to end poverty.
Address by President of the Republic of South Africa and African Union Chair, President Cyril Ramaphosa at the 75th United Nations General Assembly Debate, September 22, 2020
“When the Secretary-General António Guterres delivered the 18th Nelson Mandela Annual Lecture in July 2020, he called on the nations of the world to forge a New Social Contract and a New Global Deal.
“He said we must create equal opportunities for all, that we must advance a more inclusive and balanced multilateral trading system, that debt architecture must be reformed, and that there should be greater access to affordable credit for developing countries…
continue reading Here: Source: