Abiy Calls for Continental Economic Transformation


Abiy Calls for Continental Economic Transformation

Calling for a shift away from aid dependency, Prime Minister Abiy Ahmed (PhD) addressed Africa's progress and challenges, emphasising the impact of geopolitical dynamics, economic hurdles, climate change, and technological advancements. During his 37th African Union (AU) Summit, Abiy addressed heads of states and pointed to Africa's vast resources, favourable climate, and large population as potential drivers for growth. While acknowledging financial constraints in the education sector, Abiy also highlighted broader challenges such as climate change, the rising cost of living, and the burden of debt. He lamented the inadequacy and high cost of financial access due to inequalities in the global financial architecture. Abiy stressed the importance of long-term financing for infrastructure development, food security, and improvements in health and education. He called for investments from financiers to support these critical areas. Reflecting on history, he highlighted the disruptive impact of colonialism, which aimed to dismantle national identity, erode knowledge, and undermine cultural heritage. Addressing the importance of peace and security, Abiy highlighted their role in social and economic development. He emphasized the significance of regional and continental integration to diversify economies and ensure peaceful coexistence with neighbouring countries. "Pragmatic solutions are needed for the continent's transformation," he finally remarked.


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