Johannesburg/Cape Town - 28 February 2025 (ECA) - Claver Gatete, Executive Secretary of the Economic Commission for Africa (ECA), delivered strong calls at various high-level sessions of Ministers of Foreign Affairs and of Finance, emphasizing the critical challenges and opportunities facing the African continent. His remarks underscored the necessity for Africa to assert its voice in global economic governance, particularly at a time when its influence is vital for addressing pressing issues.
In his address to the Ministers of Foreign Affairs, Mr. Gatete stated, "South Africa's leadership during the G20 presents a monumental opportunity for Africa to amplify its voice on the international stage, articulating the aspirations of approximately 1.5 billion Africans." He emphasized the importance of securing a prominent role for the continent in global economic discussions to navigate its complex economic landscape effectively.
A significant focus of Gatete's intervention was the urgent issue of debt sustainability. He pointed out that around 20 African nations are currently grappling with severe debt distress and advocated for the establishment of a fair debt resolution framework that aligns with the developmental needs of African countries. "We must engage in robust advocacy to secure financial solutions that foster growth rather than hinder it," he asserted.
Gatete also addressed the pressing crisis of climate change, highlighting that Africa contributes merely 4% of global carbon emissions while disproportionately suffering from its adverse effects. He called for increased access to climate finance and reiterated the importance of fulfilling the international commitment of US$100 billion annually to combat climate impacts. "This financial support is crucial for African nations to mitigate the detrimental effects of climate change on their economies and societies," he said to the Ministers of Finance.
In addition, he underscored the importance of ensuring universal access to reliable energy as a prerequisite for Africa's economic transformation. He urged the continent to leverage its abundant renewable energy resources to create sustainable jobs and drive economic growth. "The interconnectedness between energy access and economic development is vital for fostering resilience and progress across Africa," he said.
Highlighting Africa's economic potential, Gatete noted that the continent holds approximately 30% of the world’s mineral reserves but cautioned against the ongoing practice of exporting unprocessed or semi-processed minerals. He called for the establishment of regional value chains that promote local beneficiation, industrialization, and technology transfer, which are essential for achieving sustainable economic development.
Gatete's interventions encapsulated a strong call to action on multiple fronts, including debt sustainability, climate finance, energy access, and comprehensive economic transformation. He emphasized the urgent need for coordinated efforts to address Africa's challenges while pursuing its aspirations on the global stage.
Issued by:
Communications Section
Economic Commission for Africa
PO Box 3001
Addis Ababa
Ethiopia
Tel: +251 11 551 5826
E-mail: eca-info@un.org