Cooperation in Development, Climate Action, Peacebuilding Can Play Key Role in Building New Multipolar World, Secretary-General Tells African Union-European Union Summit

The partnership between the African Union and the European Union — two multilateral organizations — and more broadly the partnership between Europe and Africa, are well placed to be a central axis of a new multipolar world. This means ending the crushing debt cycle; tripling the lending capacity of multilateral development banks; and giving developing countries — many of them in Africa — greater participation and influence in the global financial institutions, as part of the reform of the international financial architecture, to adapt it to today’s world. To allow for a just transition, we need developed countries to keep their promises and engage all their partners, and to double adaptation finance this year and to pursue all efforts to triple it by 2035, and to make the Baku Conference of the Parties’ decisions a reality.

Author: United Nations

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