Addis Ababa, Ethiopia – Lesotho has joined the global push for financial reforms to accelerate the achievement of the Sustainable Development Goals (SDGs). The small African nation is urging for debt relief, increased foreign investment, and a restructuring of the international financial system.
These proposals were tabled by Lesotho’s Ambassador to Ethiopia, Ntšiuoa Sekete, at the ongoing Preparatory Committee for the Fourth International Conference on Financing for Sustainable Development. The meeting, which kicked off on Monday, is laying the groundwork for the main conference set for Spain in 2025.
Ambassador Sekete, representing Finance Minister Rets’elisitsoe Matlanyane, emphasized the need for a comprehensive approach to address the financial challenges faced by developing countries. Beyond debt relief and attracting foreign investment, he called for reforming global financial institutions and increasing concessional financing to support vulnerable nations.
The Addis Ababa Action Agenda, adopted in 2015, serves as a blueprint for mobilizing resources to achieve the SDGs. As the world grapples with economic headwinds and the urgency of climate change, the upcoming conference is expected to be a critical platform for charting a new path forward.
