In a significant address at the recent BRICS summit, Ethiopian Prime Minister Abiy Ahmed emphasized the necessity of equitable collaboration between developed and developing nations to address pressing global crises. He articulated that the challenges faced by developing economies are exacerbated by unfair global financial systems, contributing to rising inequality, inflation, and unemployment.
Prime Minister Abiy highlighted the urgent need for collective efforts, particularly in climate action and climate finance, which remain neglected despite the deepening crises. He pointed out that BRICS represents a substantial portion of the global population and GDP, positioning the coalition as a transformative force for establishing a more equitable world order.
The Prime Minister underscored the importance of intra-BRICS investment, particularly in tourism and the night economy, as a model for cooperation and solidarity amid global challenges. He called for leveraging the diverse economies and high growth potential within BRICS to achieve mutual economic gains and uplift citizens across member states.
Additionally, Prime Minister Abiy expressed strong support for the development of artificial intelligence, aligning with proposals from leaders like Presidents Putin and Xi. He noted that enhancing alternative financing through the New Development Bank is crucial for structuring projects essential to the development of member nations.
Highlighting the need for fair representation of developing nations on the global stage, he urged reform of the UN Security Council to prioritize Africa’s representation, framing this issue as a matter of justice and equity. The Prime Minister reiterated Ethiopia’s commitment to embodying the hope and potential that BRICS represents.
Ethiopia, as the largest economy in Sub-Saharan Africa, showcased its dynamic workforce and renewable energy resources as unique opportunities for investment and trade. The nation’s ongoing macroeconomic performance and initiatives, such as the ambitious goal of planting 40 billion seedlings in six years, demonstrate Ethiopia’s commitment to sustainable and climate-resilient economic growth.
In his concluding remarks, Prime Minister Abiy called for strong intra-BRICS economic cooperation across various sectors, including manufacturing, agriculture, energy, tourism, and artificial intelligence. He reaffirmed Ethiopia’s dedication to actively participate in realizing a shared vision for a prosperous and inclusive future, urging member nations to build partnerships that address immediate challenges while laying the groundwork for equitable multilateral cooperation.
The speech resonated with the need for solidarity among nations to tackle global challenges and foster a more inclusive international community.