Reformed Global System Needed to Generate, Execute Solutions, Says Nat’l Bank Governor & Ethiopia’s BRICS Sherpa

Addis Ababa, February 25, 2025 (ENA)— A reformed global system is needed to be able to generate and execute solutions to multiple and complex global challenges, National Bank Governor and Ethiopia’s BRICS Sherpa, Mamo Mihretu said.

An Ethiopian delegation led by Governor of National Bank of Ethiopia and Ethiopia’s BRICS Sherpa, Mamo Esmelealem Mihretu, is participating in the First Meeting of BRICS Sherpas and Sous Sherpas for 2025.

The meeting started today in Brasilia, Brazil which was opened by Mauro Viera, Brazil's Minister of External Affairs, according to the ministry of Foreign Affairs.

On the occasion, Mamo reiterated Ethiopia's longstanding support of multilateralism and collective security centered on the UN system.

He stated that a reformed global system is needed to be able to generate and execute solutions to multiple and complex global challenges.

The Sherpa said that becoming a member of the New Development Bank is one of Ethiopia's key priorities for 2025.

He further emphasized the need for expanded intra-BRICS economic cooperation and called for a commitment to the implementation of core objectives, programs, and initiatives within the BRICS platform.

Brazil’s BRICS 2025 Presidency, which Ethiopia welcomes, anchors on six key priorities: global health, the reform of global governance, climate finance, artificial intelligence governance, global south cooperation, and BRICS institutional development.

The meeting continues to deliberate on various agenda items for two days, it was indicted.