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African leaders call for reforms of international institutions at BRICS summit

BRICS summit - On Wednesday, October 23rd, 2024, during the second day of the ongoing BRICS summit in Kazan, Russia, a powerful call for change echoed through the halls. The leaders of the BRICS nations, particularly those from Africa, spearheaded calls for an urgent recalibration of the international order, highlighting the importance of giving developing countries a louder voice in global decision-making. But why is this demand for a rebalancing of power so urgent now, and what might it mean for the future of international relations? It began with Egyptian President Abdel Fattah el-Sisi. "International developments have shown that the shortcomings of the current international system are not limited to political and security issues, but extend to economic and development issues," the Egyptian President said. He added that the "escalation of the debt problem and the lack of necessary funding" are among the problems preventing developing countries from quick economic growth. Could it be that the current international financial architecture is rigged against those who need the most support? El-Sisi's words underscored a deep frustration with the way international finance often seems to favour wealthy nations, leaving developing countries to grapple with crushing debt burdens that stifle growth and opportunity. ▬▬▬▬▬▬▬▬▬ The New African Channel is an African online news and media platform. Stay informed with incisive news, expert opinions, in-depth analyses, and compelling visual stories that matter to you and the world, all available right here on this channel. Serving Africans on the continent, the African diaspora, and a global audience, The New African Channel offers comprehensive coverage of major news stories from a well-rounded perspective, giving viewers the chance to assess events through a uniquely African lens. We are changing the narrative of Africa through our online social media platforms and videos. Subscribe to the New Africa Channel and click the bell icon to receive notifications for all our exciting videos. Follow us on Instagram -   / thenewafricachannel   Follow us on Twitter -   / thenewafricach1   Join us on Facebook -   / thenew.africachannel.3   Follow us on WhatsApp - https://whatsapp.com/channel/0029Varw... Support our channel - PayPal: newafricachannel(at)outlook.com ▬▬▬▬▬▬▬▬▬ ✅COPYRIGHT DISCLAIMER The New Africa Channel doesn't fully own some of the materials compiled in its videos. It belongs to people or organizations who ought to be respected. If used, it falls under the following provisions: Copyright disclaimer section 107 of the Copyright Act 1976. "Fair use" is allowed for purposes such as criticism, comment, news reporting, teaching, scholarships, and research. ✅ If you are the owner of any materials used in this video, contact us, and we will follow your request immediately: info(at)thenewafricachannel.com ▬▬▬▬▬▬▬▬▬ ✅COMMENTING POLICY Keep your comments and posts appropriate, helpful, and relevant. Any offensive, disrespectful, harmful, threatening, vulgar, obscene, or inappropriate content will be removed immediately. Spamming, vandalizing, promoting, and advertising are also not allowed. While we encourage free speech and open discussion, attacking or harassing other users is not tolerated. Repeat violators of this policy will be reported and may face a ban. ▬▬▬▬▬▬▬▬▬ #AfricaNews #TopAfricaNews #News #NewsAfrica #AfricaNews