Sisi calls for global action to confront geopolitical, economic challenges at G20 Summit

Ahram Online , Wednesday 22 Nov 2023

During his speech at the virtual G20 Summit hosted by India on Wednesday, Egypt’s President Abdel-Fattah El-Sisi urged the international community to confront geopolitical and economic challenges, including the Palestinian issue.



“Silence is no longer an option in the face of the crises that have erupted, and anticipation is no longer a solution,” El-Sisi stated, emphasizing that confronting potential global scenarios, both geopolitically and economically, requires action.

El-Sisi highlighted that escalating geopolitical tensions and the continued repercussions of successive international economic crises are impeding progress toward achieving sustainable development goals and worsening challenges related to climate change.

He noted that increasing polarization and selectivity in the international community are exacerbating the complexity, explaining that the international community's response to the ongoing conflict in Palestine exemplifies this selectivity.

“The war machine continues to claim more lives, leaving destruction and displacement in its wake, despite growing international warnings about the necessity to protect civilians and respect international law,” El-Sisi said.

El-Sisi explained that the current global crises, which have political and military dimensions, intersect with deep economic imbalances.

These economic imbalances significantly hinder the fulfillment of economic and social human rights, especially in developing countries, he continued.

Furthermore, El-Sisi asserted the need to reform the international economic and financial structure, including the establishment of effective financing mechanisms and maximizing the benefits from the existing mechanisms.

El-Sisi called for reforming the policies and practices of multilateral development banks to enhance their financing capabilities in accordance with the priorities of developing countries.

The Egyptian president also underlined the necessity to address the growing issue of sovereign debt in developing countries, including middle-income nations.

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