At Global Call ahead of 'Summit of Future,' President Sisi calls for reforming global financial system, addressing challenges to food security

CAIRO – 12 September 2024: In his speech at the virtual Global Call ahead of the Summit of the Future on Thursday, President Abdel Fattah El Sisi called for reforming the global financial structure system and addressing challenges to food security.

President Sisi said that the upcoming “Summit of the Future” due to convene on September 20-21 shall strengthen multilateral action, with the United Nations efforts at its core, to achieve our shared goals for sustainable development, safeguard international peace and security and ensure that all peoples enjoy human rights, comprehensively and equitably.

The President noted that “The Summit of the Future” convenes amidst growing international crises, both politically and economically. “I specifically underscore the grave escalation in the Middle East, with its adverse repercussions on the international stage.”

Sisi, thus, said this requires concerted efforts during the summit to achieve the following priorities:

First: Full commitment to the implementation of the United Nations Charter to establish a system based on the principles and rules of international law, without discrimination or double standards, and on the implementation of the resolutions of international legitimacy, to reinforce the stability of international peace and security.

Second: Reforming the structure of the global financial system, boosting the engagement of developing countries in economic decision-making mechanisms, and strengthening the role of the United Nations in international economic governance. This shall significantly contribute to facilitating the Global South’s access to essential funding required for sustainable development, in addition to addressing the mounting debt crisis faced by developing countries as a result of the global crises they have not caused.

Third: Enhancing efforts toward the eradication of poverty and hunger globally, while addressing the challenges of food security, which are exacerbated by multiple factors, primarily water scarcity, whether due to natural or man-made reasons. This necessitates international cooperation to secure universal access to water and to uphold international law in the management of cross-border rivers in order to ensure harmony among the concerned countries and prevent any harm to any country.

The President said that Egypt looks forward to the summit yielding tangible results that foster genuine change, honoring international commitments to provide security and promote sustainable development for all peoples without exception.