Premier Expresses Ethiopia's Readiness in Fostering Multilateralism as BRICS Family Member

Addis Ababa October 23/2024 (ENA)- Prime Minister Abiy Ahmed underscored that Ethiopia is prepared to engage constructively in fostering multilateralism as the newest member of the BRICS family.

The 16th BRICS Summit is taking place in Kazan, Russia  where dozens of leaders have gathered for a three-day of intense diplomatic discussions and high-level bilateral talks as part of the international forum which offers a new vision of multilateralism.

In his remarks, Prime Minister Abiy said that this gathering represents hope in our pursuit of effective multilateralism to address the pressing global challenges we face today.

“As the newest member of the BRICS family, Ethiopia is prepared to engage constructively in fostering multilateralism that serves both developed and developing nations, anchored in the principle of equity,” he said.

According to the Prime Minister, the world is rapidly evolving with the multitude of crises that demands wisdom and thoughtful approach.

It is crucial to acknowledge that economic growth in developing countries is often challenged by unfair global financial systems, Abiy underlined.

He elaborated that: “The imbalances in our global economic framework are driving rising inequality, inflation and unemployment, making collective efforts more urgent than ever.”

 The Premier explained that the calls for climate action and climate finance continue to be ignored; even as the crisis deepens.

However, PM Abiy stated that the BRICS bloc brings about opportunities  for an equitable world.

“In the middle of these challenges, I see a tremendous opportunity in BRICS, with its collective voice representing nearly half of the global population and over a third of global GDP brings us the potential to be a transformative force for a more equitable world order.”

Intra BRICS trade, investment and tourism can ignite economic growth that not only benefits our member states, but also serves as a model for cooperation and solidarity in addressing global challenges, he added.

“We must leverage our diverse economies and high growth potential to achieve tangible economic gains that uplift our people. Enhancing cooperation in the development of artificial intelligence (AI) is also essential. I strongly support the proposal made by both President Vladimir Putin and President Xi Jinping on this matter.”

 Furthermore, PM Abiy underscored that  expedited consideration of membership requests to the New Development Bank will serve to enhance alternative financing, particularly for infrastructure projects that are crucial to our development.

Believing BRICS is uniquely positioned to galvanize support for a fair and representative multilateralism, he revealed that  together, we can champion reforms that address the concerns of developing nations and ensure that their voices are heard on the global stage.”

“Ethiopia, in particular, wishes to emphasize that the reform of the UN Security Council deserves our attention. We have confidence that the countries at this summit will prioritize Africa's representation in the UN Security Council, adhering to the common African position.

 This is not just about representation. It is about justice, equity and ensuring that all nations can contribute to global governance,” Abiy emphasized.

Finally, Prime Minister Abiy reaffirmed Ethiopia's unwavering commitment to actively participate in realizing the shared vision for a brighter future.

“Let us ensure that our partnership not only addresses our immediate challenges, but also lessens the groundwork for a more equitable and inclusive multilateral world.”

 

Ethiopian News Agency
2023