Afro-Sino Centre of International Relations’ Post

UN Trade and Development (UNCTAD) Secretary-General Rebeca Grynspan met with the President of the Council of the European Union Charles Michel today on the sidelines of the Summit of the Future.   The adoption of the Pact for the Future signals a renewed commitment to multilateralism and paves the way for a transformative approach to financing the Sustainable Development Goals.   The EU is a valued development partner, and UN Trade and Development (UNCTAD) continues to serve as a platform for fostering constructive North-South dialogue.   #OurCommonFuture

SMART COOPERATION (FOCAC) | PROF DAVID MONYAE As Chinese and African leaders meet in September for the ninth instalment of the Forum on China-Africa Cooperation, a range of issues from trade and investment to security and social development will be on the agenda. One of the most important issues likely to be discussed at length will be cooperation in digital technology, which has emerged in the past 15 years as a driver of economic growth and development. University of Johannesburg David Monyae #FOCAC #China #Africa #FOCAC2024 #SinoAfricanRelations

United Nations ESCAP just signed a memorandum of understanding with the United Nations Economic Commission for Europe (UNECE) and UN Multi-Partner Trust Fund Office (MPTF) making the United Nations Special Programme for Economies of Central Asia (SPECA) Multi-Partner Trust Fund operational. ⚡ This marks the next step in our cooperation to advance sustainable development in #CentralAsia. #SPECA #GlobalGoals

In Berlin, Germany during the Berlin Global Solutions Summit, and the Session on Africa Reforms and Priorities for Climate Finance, the Commissioner of African Union - Economic Development, Tourism, Trade, Industry, Minerals (ETTIM) advocated for a fair pricing of African Carbon Sinks, and proposed alternative innovative solution to bridge climate financing gaps in Africa. These solutions highlights the need to enhance the capacity of African officials in carbon pricing and accounting, and develop a compulsory African carbon market. Other options he proposed includes ♻ Making progress in the rechanneling of Special Drawing Rights;  💰 Recapitalisation of African Multilateral Development Banks to enable them provide long-term financing to countries that need them the most. 🌍 Africa needs to rely on her own efforts by increasing domestic resources mobilization, with a focus on curbing illicit financial flows out of Africa and increasing tax collection.

“The text is unbalanced, if we continue to take this track the burden of #ClimateFinance will only lie on developing countries, without taking into account Common but Differentiated Responsibilities and Respective Capabilities (#CBDR–RC),” says Venezuela for ALBA (Bolivarian Alliance for the Peoples of Our America – Peoples' Trade Treaty), at the continuation of the 2nd meeting under the Ad Hoc Work Programme of The New Collective Quantified Goal on #ClimateFinance (#NCQG) on Day 7 of the #BonnClimateConference.

Oh look, the BRICS, in their Kazan Declaration, are activly calling for an end to fossil subsidies: "We reject unilateral, punitive and discriminatory protectionist measures, that are not in line with international law, under the pretext of environmental concerns, such as unilateral and discriminatory carbon border adjustment mechanisms (CBAMs), due diligence requirements, taxes and other measures and reconfirm our full support for the call in COP28 related to avoidance of unilateral trade measures based on climate or environment. We also oppose unilateral protectionist measures, which deliberately disrupt the global supply and production chains and distort competition." Kazan Declaration, Paragraph 83 https://lnkd.in/e2K9hYyf

fdiCampus - master FDI faster Very pleased to have joined the 2nd Annual Aftercare Forum to share insights on the World Trade Organization’s Investment Facilitation for Development Agreement, especially from the perspective of developing countries. A critical mass of WTO Members reforming and improving the domestic environment to facilitate foreign direct investment can certainly be beneficial for the global economy, particularly for developing countries which are typically net seekers of investment and for which investment comprises a significant portion of their gross domestic product. #fdi #wto #foreigndirectinvestment

I’m in Washington D.C. for the #WBGMeetings, discussing key priorities like expanding financial capacity and mobilizing private capital to tackle global development challenges. I look forward to engaging with Western Balkans government delegations to explore how we can drive private sector investments in support of climate action, sustainable development, and economic transformation. The private sector will be crucial in financing the green transition, and IFC is committed to scaling up efforts in these areas. Join the conversation: http://wrld.bg/txv550TFPVy IFC Europe

On the complexities of China's Belt and Road Initiative in Africa, Ezra writes about the AfCFTA and how it can steer investments towards mutual benefit and sustainable growth. Read more: https://t.ly/E4oxM #afcfta

This book examines the AfCFTA's potential for economic growth in Africa, exploring policy intricacies around emerging shocks, digitalization, and intellectual property rights, while offering insights for navigating the evolving landscape in line with Agenda 2063. Download link: https://shorturl.at/tGFNy