{"disclaimer":"Transcripts available through this tool are created by using automatic speech recognition and are not official records nor official documents of the United Nations. Official records and official documents are available on the Official Document System of the United Nations.","url":"https://transcripts.un.org/en/asset/k1f/k1fkb51g0f","llms":{"note":"Plain-text sibling of this page, compact for LLM context. 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Speakers: · Secretary-General, Pan-African Youth Union, Wiisichong Bening Ahmed · Head of Youth Employment and Skills, African Centre for Economic Transformation, Mona Iddrisu · Executive President, Policy Center for the New South, Karim El Aynaoui (online) · Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, African Union Commission, Francisca Tatchouop Belobe (online) · Executive Secretary of ECA, Claver Gatete · Deputy Secretary-General of the United Nations, Amina Mohammed (video recording)\nYouth dialogue on the global financial architecture\nMaster of Ceremonies: Economic Affairs Officer, Sustainable Development and Integrated Planning Section, Macroeconomics, Finance, Governance and Planning Division, Economic Commission for Africa (ECA), Oyebanke Abejirin Setting the scene: Presentation on the global finance architecture by the Deputy Executive Secretary (Programme) and\nChief Economist of ECA, Hanan Morsy Moderator: Vice President, Pan-African Youth Union, Pamela Audrey Derom Interactive discussion with members of the Young Economists Network: Majorie Jennifer Kayode Mongbo, Université Cheikh Anta Diop (Benin) Agathe Koumis Ngagni, Université de Douala (Cameroon) Estelle Désirée Monessone, Université Ngaoundéré (Cameroon) Kouassi Kadi Akissi Irénée, Université Félix Houphouët-Boigny (Côte d'Ivoire) Deborah Umba, Université Protestante au Congo (Democratic Republic of Congo) Tefera Taw, University of Gondar (Ethiopia) Mengesha Yayo, Addis Ababa University (Ethiopia) Evans Kirui, Kenyatta University (Kenya) Abdou Fall, Université Cheikh Anta Diop (Senegal) Hafsia Leghrissi, National Agronomic Institute of Tunisia (Tunisia)","categories":["Meetings & Events"],"geographic_subject":[],"subject_topical":[],"corporate_name":[],"speaker_affiliation":[],"related_documents":[{"title":"Event 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the next 2 days, we will bring together voices from across sectors to explore practical solutions and importantly, how we can move from policy to measurable 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name is Oyebanke Abiojimi.","start":2258.681,"end":2260.589,"topics":[],"words":[{"text":"My","start":2258.681,"end":2258.841},{"text":"name","start":2258.841,"end":2259.034},{"text":"is","start":2259.034,"end":2259.226},{"text":"Oyebanke","start":2259.403,"end":2259.98},{"text":"Abiojimi.","start":2260.124,"end":2260.589}]},{"text":"I am an Economic Affairs Officer with the United Nations Economic Commission for Africa, and I'll be your moderator over the next 2 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morning.","start":2368.077,"end":2373.373,"topics":[],"words":[{"text":"Excellencies,","start":2368.077,"end":2368.93},{"text":"distinguished","start":2369.526,"end":2370.106},{"text":"guests,","start":2370.154,"end":2370.895},{"text":"colleagues,","start":2370.976,"end":2371.427},{"text":"and","start":2371.765,"end":2371.846},{"text":"friends,","start":2371.846,"end":2372.236},{"text":"good","start":2372.837,"end":2372.95},{"text":"morning.","start":2372.999,"end":2373.373}]},{"text":"On behalf of the African Center for Economic Transformation, ACET, it's a pleasure to join you at the inaugural African Development Impact Forum 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ACET, our vision is of an economically transformed Africa driven by inclusive growth, competitiveness, and sustainable 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the years, ACED has worked with governments regional institutions, development partners, and the private sector to address some of Africa's most pressing challenges, from industrialization and economic diversification to youth employment, skills development, and workforce readiness.","start":2413.592,"end":2434.432,"topics":[{"key":"industrialization-value-addition","label":"Industrialization and Value Addition","description":"Speakers emphasized that Africa cannot achieve transformation by exporting raw commodities and importing finished goods. 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look forward to productive discussions, strong partnerships, and most importantly, meaningful action.","start":2582.698,"end":2590.075,"topics":[],"words":[{"text":"We","start":2582.698,"end":2582.812},{"text":"look","start":2582.844,"end":2582.99},{"text":"forward","start":2582.99,"end":2583.231},{"text":"to","start":2583.328,"end":2583.424},{"text":"productive","start":2583.489,"end":2584.085},{"text":"discussions,","start":2584.149,"end":2584.841},{"text":"strong","start":2585.26,"end":2585.55},{"text":"partnerships,","start":2585.679,"end":2586.565},{"text":"and","start":2586.951,"end":2587.048},{"text":"most","start":2587.048,"end":2587.434},{"text":"importantly,","start":2587.434,"end":2588.223},{"text":"meaningful","start":2588.884,"end":2589.592},{"text":"action.","start":2589.689,"end":2590.075}]},{"text":"Thank you, and I wish you all a successful 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El Ainawi, you have the floor.","start":2611.759,"end":2613.772,"topics":[],"words":[{"text":"Mr.","start":2611.759,"end":2612.016},{"text":"El","start":2612.242,"end":2612.29},{"text":"Ainawi,","start":2612.499,"end":2612.918},{"text":"you","start":2613.063,"end":2613.208},{"text":"have","start":2613.208,"end":2613.385},{"text":"the","start":2613.385,"end":2613.53},{"text":"floor.","start":2613.53,"end":2613.772}]}]}],"speaker":{"name":"Oyebanke Abiojimi","affiliation":"ECA","affiliation_full":"ECA","group":null,"function":"Economic Affairs Officer / Moderator"}},{"statement_number":16,"start":2616.657,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=2617","paragraphs":[{"sentences":[{"text":"Thank you very much.","start":2616.657,"end":2617.609,"topics":[],"words":[{"text":"Thank","start":2616.657,"end":2616.903},{"text":"you","start":2616.903,"end":2617.1},{"text":"very","start":2617.215,"end":2617.362},{"text":"much.","start":2617.477,"end":2617.609}]},{"text":"It's a pleasure to be 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I stand and my colleagues, and I think it was said previously, all the Think Tank community, we stand ready to contribute, to help and to bring our expertise as Moksha as we 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once again, many thanks for involving us, and I wish I could have been with you, and I wish you a great conference and inshallah success for, for ADIF, for this 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you very much.","start":2770.613,"end":2771.228,"topics":[],"words":[{"text":"Thank","start":2770.613,"end":2770.791},{"text":"you","start":2770.791,"end":2770.872},{"text":"very","start":2770.872,"end":2771.082},{"text":"much.","start":2771.099,"end":2771.228}]}]}],"speaker":{"name":"Karim El Ainawi","affiliation":null,"affiliation_full":null,"group":null,"function":"Executive President"}},{"statement_number":17,"start":2776.638,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=2777","paragraphs":[{"sentences":[{"text":"Thank you so much, Mr. El Aynawi.","start":2776.638,"end":2778.761,"topics":[],"words":[{"text":"Thank","start":2776.638,"end":2776.879},{"text":"you","start":2776.879,"end":2776.96},{"text":"so","start":2776.96,"end":2777.153},{"text":"much,","start":2777.281,"end":2777.507},{"text":"Mr.","start":2777.683,"end":2777.957},{"text":"El","start":2778.021,"end":2778.134},{"text":"Aynawi.","start":2778.327,"end":2778.761}]},{"text":"It now gives me great pleasure to invite the Executive Secretary of the United Nations Economic Commission for Africa, Mr. Clave Gatete, to deliver his 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Gatete, you have the floor.","start":2789.56,"end":2802.887,"topics":[],"words":[{"text":"Mr.","start":2789.56,"end":2789.69},{"text":"Gatete,","start":2789.738,"end":2790.223},{"text":"you","start":2790.369,"end":2790.45},{"text":"have","start":2790.45,"end":2790.627},{"text":"the","start":2790.627,"end":2790.708},{"text":"floor.","start":2798.237,"end":2802.887}]}]}],"speaker":{"name":"Oyebanke Abiojimi","affiliation":"ECA","affiliation_full":"ECA","group":null,"function":"Economic Affairs Officer / Moderator"}},{"statement_number":18,"start":2808.099,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=2809","paragraphs":[{"sentences":[{"text":"Can you hear me now?","start":2808.099,"end":2808.684,"topics":[],"words":[{"text":"Can","start":2808.099,"end":2808.292},{"text":"you","start":2808.324,"end":2808.356},{"text":"hear","start":2808.421,"end":2808.55},{"text":"me","start":2808.55,"end":2808.6},{"text":"now?","start":2808.6,"end":2808.684}]},{"text":"Yes, thank you so 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you very much for, by the way, hosting us in your own wonderful center.","start":2825.965,"end":2830.179,"topics":[],"words":[{"text":"I","start":2825.965,"end":2826.046},{"text":"thank","start":2826.046,"end":2826.29},{"text":"you","start":2826.29,"end":2826.371},{"text":"very","start":2826.371,"end":2826.63},{"text":"much","start":2826.63,"end":2826.841},{"text":"for,","start":2826.938,"end":2827.101},{"text":"by","start":2827.198,"end":2827.409},{"text":"the","start":2827.425,"end":2827.506},{"text":"way,","start":2827.506,"end":2827.62},{"text":"hosting","start":2827.684,"end":2828.058},{"text":"us","start":2828.155,"end":2828.268},{"text":"in","start":2828.398,"end":2828.447},{"text":"your","start":2828.495,"end":2828.56},{"text":"own","start":2828.56,"end":2828.787},{"text":"wonderful","start":2829.371,"end":2829.696},{"text":"center.","start":2829.696,"end":2830.179}]},{"text":"And of course, for Mona, we work together in the Africa Center for Economic 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Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"In","start":2943.383,"end":2943.464},{"text":"addition,","start":2943.464,"end":2943.898},{"text":"official","start":2944.574,"end":2944.896},{"text":"development","start":2944.896,"end":2945.523},{"text":"assistance","start":2945.556,"end":2946.296},{"text":"is","start":2946.441,"end":2946.553},{"text":"declining","start":2946.65,"end":2947.117},{"text":"and","start":2947.857,"end":2947.921},{"text":"development","start":2947.921,"end":2948.404},{"text":"financing","start":2948.42,"end":2948.967},{"text":"can","start":2948.999,"end":2949.208},{"text":"no","start":2949.225,"end":2949.305},{"text":"longer","start":2949.305,"end":2949.643},{"text":"be","start":2950.126,"end":2950.287},{"text":"assumed","start":2950.287,"end":2950.769},{"text":"to","start":2950.769,"end":2950.898},{"text":"be","start":2950.93,"end":2951.123},{"text":"available","start":2951.188,"end":2951.624},{"text":"at","start":2952.221,"end":2952.302},{"text":"the","start":2952.302,"end":2952.399},{"text":"scale","start":2952.399,"end":2952.77},{"text":"many","start":2952.77,"end":2952.948},{"text":"countries","start":2953.012,"end":2953.254},{"text":"relied","start":2953.254,"end":2953.69},{"text":"upon","start":2953.69,"end":2954.045},{"text":"in","start":2954.481,"end":2954.562},{"text":"the","start":2954.562,"end":2954.724},{"text":"past,","start":2954.724,"end":2955.127},{"text":"even","start":2955.789,"end":2955.983},{"text":"as","start":2956.177,"end":2956.225},{"text":"demands","start":2956.338,"end":2956.709},{"text":"on","start":2956.742,"end":2956.871},{"text":"governments","start":2956.903,"end":2957.468},{"text":"continue","start":2957.468,"end":2957.872},{"text":"to","start":2957.872,"end":2957.969},{"text":"rise.","start":2957.969,"end":2958.162}]},{"text":"But Africa's future will increasingly depend on its ability to mobilize domestic resources, attract investment, build competitive industries, and create sustainable employment opportunities for its growing population.","start":2959.853,"end":2972.738,"topics":[{"key":"industrialization-value-addition","label":"Industrialization and Value Addition","description":"Speakers emphasized that Africa cannot achieve transformation by exporting raw commodities and importing finished goods. They highlighted industrialization, local processing, manufacturing, and value addition in sectors such as agriculture, minerals, and pharmaceuticals as pathways to jobs and competitiveness."},{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."},{"key":"enterprise-financing","label":"Financing for Entrepreneurs and SMEs","description":"Participants repeatedly raised the difficulty young entrepreneurs and small businesses face in accessing affordable capital. The discussion highlighted blended finance, guarantees, private-sector partnerships, and better investment channels to help firms scale and generate 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against this evolving backdrop, where does Africa stand?","start":2973.638,"end":2977.96,"topics":[],"words":[{"text":"So","start":2973.638,"end":2973.863},{"text":"against","start":2973.895,"end":2974.281},{"text":"this","start":2974.281,"end":2974.49},{"text":"evolving","start":2974.875,"end":2975.309},{"text":"backdrop,","start":2975.405,"end":2976.08},{"text":"where","start":2976.787,"end":2976.948},{"text":"does","start":2976.948,"end":2977.157},{"text":"Africa","start":2977.253,"end":2977.591},{"text":"stand?","start":2977.591,"end":2977.96}]},{"text":"Are we merely reacting to global change or are we positioning ourselves to reshape it?","start":2979.101,"end":2983.745,"topics":[],"words":[{"text":"Are","start":2979.101,"end":2979.149},{"text":"we","start":2979.182,"end":2979.294},{"text":"merely","start":2979.294,"end":2979.648},{"text":"reacting","start":2979.776,"end":2980.146},{"text":"to","start":2980.306,"end":2980.403},{"text":"global","start":2980.403,"end":2980.644},{"text":"change","start":2980.644,"end":2981.094},{"text":"or","start":2981.753,"end":2981.945},{"text":"are","start":2982.074,"end":2982.17},{"text":"we","start":2982.17,"end":2982.331},{"text":"positioning","start":2982.331,"end":2982.781},{"text":"ourselves","start":2982.813,"end":2983.263},{"text":"to","start":2983.279,"end":2983.343},{"text":"reshape","start":2983.36,"end":2983.697},{"text":"it?","start":2983.697,"end":2983.745}]},{"text":"At a time when many regions are experiencing aging populations and shrinking workforces, Africa possesses one of the greatest strategic assets its people.","start":2984.982,"end":2995.378,"topics":[],"words":[{"text":"At","start":2984.982,"end":2985.143},{"text":"a","start":2985.143,"end":2985.159},{"text":"time","start":2985.207,"end":2985.432},{"text":"when","start":2985.545,"end":2985.754},{"text":"many","start":2985.866,"end":2986.107},{"text":"regions","start":2986.107,"end":2986.525},{"text":"are","start":2986.734,"end":2986.766},{"text":"experiencing","start":2986.766,"end":2987.361},{"text":"aging","start":2987.537,"end":2987.762},{"text":"populations","start":2987.859,"end":2988.485},{"text":"and","start":2989.08,"end":2989.144},{"text":"shrinking","start":2989.225,"end":2989.691},{"text":"workforces,","start":2989.883,"end":2990.494},{"text":"Africa","start":2991.089,"end":2991.474},{"text":"possesses","start":2991.474,"end":2991.94},{"text":"one","start":2992.117,"end":2992.246},{"text":"of","start":2992.31,"end":2992.39},{"text":"the","start":2992.39,"end":2992.519},{"text":"greatest","start":2992.519,"end":2993.065},{"text":"strategic","start":2993.338,"end":2993.917},{"text":"assets","start":2993.917,"end":2994.431},{"text":"its","start":2994.864,"end":2995.025},{"text":"people.","start":2995.025,"end":2995.378}]},{"text":"More than 60% of Africans are under the age of 25, making Africa the youngest continent in the world.","start":2996.614,"end":3003.582,"topics":[],"words":[{"text":"More","start":2996.614,"end":2996.743},{"text":"than","start":2996.775,"end":2996.951},{"text":"60%","start":2996.951,"end":2997.272},{"text":"of","start":2997.353,"end":2997.883},{"text":"Africans","start":2997.979,"end":2998.445},{"text":"are","start":2998.701,"end":2998.878},{"text":"under","start":2998.878,"end":2999.039},{"text":"the","start":2999.039,"end":2999.183},{"text":"age","start":2999.263,"end":2999.376},{"text":"of","start":2999.376,"end":2999.488},{"text":"25,","start":2999.52,"end":3000.484},{"text":"making","start":3000.869,"end":3001.174},{"text":"Africa","start":3001.351,"end":3001.688},{"text":"the","start":3001.688,"end":3001.848},{"text":"youngest","start":3001.848,"end":3002.234},{"text":"continent","start":3002.234,"end":3002.86},{"text":"in","start":3003.069,"end":3003.133},{"text":"the","start":3003.133,"end":3003.277},{"text":"world.","start":3003.277,"end":3003.582}]},{"text":"By 2035, Africa is expected to have the largest workforce globally, but this demographic advantage is not automatic.","start":3004.979,"end":3013.569,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"By","start":3004.979,"end":3005.092},{"text":"2035,","start":3005.14,"end":3006.023},{"text":"Africa","start":3006.328,"end":3006.681},{"text":"is","start":3006.681,"end":3006.761},{"text":"expected","start":3006.761,"end":3007.227},{"text":"to","start":3007.227,"end":3007.323},{"text":"have","start":3007.371,"end":3007.516},{"text":"the","start":3007.548,"end":3007.644},{"text":"largest","start":3007.644,"end":3008.03},{"text":"workforce","start":3008.03,"end":3008.624},{"text":"globally,","start":3009.298,"end":3009.683},{"text":"but","start":3010.663,"end":3010.775},{"text":"this","start":3010.839,"end":3011.112},{"text":"demographic","start":3011.144,"end":3011.722},{"text":"advantage","start":3011.722,"end":3012.252},{"text":"is","start":3012.75,"end":3012.814},{"text":"not","start":3012.862,"end":3013.087},{"text":"automatic.","start":3013.087,"end":3013.569}]},{"text":"Every year, more than 15 million young Africans enter the labor market, in search of opportunity and a better future.","start":3014.757,"end":3022.866,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"Every","start":3014.757,"end":3014.982},{"text":"year,","start":3015.014,"end":3015.977},{"text":"more","start":3016.138,"end":3016.941},{"text":"than","start":3016.941,"end":3017.149},{"text":"15","start":3017.181,"end":3017.567},{"text":"million","start":3017.599,"end":3017.952},{"text":"young","start":3017.984,"end":3018.097},{"text":"Africans","start":3018.369,"end":3018.835},{"text":"enter","start":3019.269,"end":3019.493},{"text":"the","start":3019.493,"end":3019.574},{"text":"labor","start":3019.574,"end":3019.75},{"text":"market,","start":3019.766,"end":3020.087},{"text":"in","start":3020.553,"end":3020.601},{"text":"search","start":3020.65,"end":3020.923},{"text":"of","start":3020.971,"end":3021.051},{"text":"opportunity","start":3021.051,"end":3021.726},{"text":"and","start":3022.079,"end":3022.143},{"text":"a","start":3022.175,"end":3022.24},{"text":"better","start":3022.24,"end":3022.481},{"text":"future.","start":3022.481,"end":3022.866}]},{"text":"According to the International Labour Organization, 53 million young people were not in employment, education, or training in 2023, and the vast majority of those who do find work remain concentrated in informal and low-productivity jobs.","start":3023.765,"end":3040.116,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"According","start":3023.765,"end":3024.135},{"text":"to","start":3024.167,"end":3024.263},{"text":"the","start":3024.263,"end":3024.392},{"text":"International","start":3024.392,"end":3024.874},{"text":"Labour","start":3024.874,"end":3025.05},{"text":"Organization,","start":3025.05,"end":3025.741},{"text":"53","start":3026.897,"end":3027.395},{"text":"million","start":3027.395,"end":3027.797},{"text":"young","start":3027.797,"end":3027.99},{"text":"people","start":3028.102,"end":3028.391},{"text":"were","start":3028.504,"end":3028.664},{"text":"not","start":3028.664,"end":3028.905},{"text":"in","start":3028.921,"end":3029.05},{"text":"employment,","start":3029.05,"end":3029.692},{"text":"education,","start":3029.933,"end":3030.415},{"text":"or","start":3030.511,"end":3030.656},{"text":"training","start":3030.656,"end":3031.041},{"text":"in","start":3031.459,"end":3031.523},{"text":"2023,","start":3031.555,"end":3032.423},{"text":"and","start":3033.161,"end":3033.306},{"text":"the","start":3033.306,"end":3033.338},{"text":"vast","start":3033.338,"end":3033.595},{"text":"majority","start":3033.643,"end":3034.173},{"text":"of","start":3034.189,"end":3034.334},{"text":"those","start":3034.35,"end":3034.495},{"text":"who","start":3034.912,"end":3034.944},{"text":"do","start":3034.944,"end":3035.137},{"text":"find","start":3035.153,"end":3035.474},{"text":"work","start":3035.474,"end":3035.667},{"text":"remain","start":3036.277,"end":3036.534},{"text":"concentrated","start":3036.615,"end":3037.241},{"text":"in","start":3037.241,"end":3037.337},{"text":"informal","start":3037.337,"end":3038.189},{"text":"and","start":3038.301,"end":3038.526},{"text":"low-productivity","start":3038.526,"end":3039.474},{"text":"jobs.","start":3039.747,"end":3040.116}]},{"text":"So yes, the challenge is significant, but so too is the opportunity.","start":3041.433,"end":3046.139,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. 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Speakers also stressed the need for digital skills and inclusive technology policies so innovation benefits young people broadly."},{"key":"regional-value-chains","label":"Regional Value Chains and AfCFTA","description":"The African Continental Free Trade Area was repeatedly presented as a major opportunity to expand intra-African trade and build regional value chains. Participants connected AfCFTA to industrial growth, larger markets, cross-border investment, and job creation across the continent."},{"key":"industrialization-value-addition","label":"Industrialization and Value Addition","description":"Speakers emphasized that Africa cannot achieve transformation by exporting raw commodities and importing finished goods. 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The discussion highlighted blended finance, guarantees, private-sector partnerships, and better investment channels to help firms scale and generate employment."}],"words":[{"text":"It","start":3223.625,"end":3223.721},{"text":"is","start":3223.786,"end":3223.914},{"text":"about","start":3224.107,"end":3224.428},{"text":"identifying","start":3224.428,"end":3224.958},{"text":"what","start":3225.054,"end":3225.295},{"text":"works,","start":3225.295,"end":3225.632},{"text":"understanding","start":3226.194,"end":3226.724},{"text":"why","start":3226.836,"end":3226.949},{"text":"it","start":3227.013,"end":3227.157},{"text":"works,","start":3227.157,"end":3227.559},{"text":"and","start":3228.121,"end":3228.185},{"text":"mobilizing","start":3228.281,"end":3228.731},{"text":"the","start":3228.924,"end":3229.004},{"text":"partnerships,","start":3229.004,"end":3229.71},{"text":"financing,","start":3229.727,"end":3230.337},{"text":"and","start":3230.449,"end":3230.513},{"text":"institutions","start":3230.545,"end":3231.059},{"text":"needed","start":3231.396,"end":3231.637},{"text":"to","start":3231.653,"end":3231.814},{"text":"scale","start":3231.814,"end":3232.296},{"text":"impact","start":3232.296,"end":3232.858},{"text":"across","start":3233.098,"end":3233.387},{"text":"the","start":3233.42,"end":3233.564},{"text":"continent.","start":3233.564,"end":3234.062}]},{"text":"Therefore, Excellencies, if Africa is to create jobs at the scale required, then we must build a complete enabling ecosystem for inclusive and job-rich growth.","start":3235.089,"end":3245.992,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"Therefore,","start":3235.089,"end":3235.571},{"text":"Excellencies,","start":3235.684,"end":3236.197},{"text":"if","start":3236.791,"end":3236.936},{"text":"Africa","start":3237.032,"end":3237.498},{"text":"is","start":3237.498,"end":3237.562},{"text":"to","start":3237.594,"end":3237.675},{"text":"create","start":3237.675,"end":3238.076},{"text":"jobs","start":3238.076,"end":3238.365},{"text":"at","start":3238.477,"end":3238.542},{"text":"the","start":3238.542,"end":3238.574},{"text":"scale","start":3238.574,"end":3238.943},{"text":"required,","start":3238.943,"end":3239.328},{"text":"then","start":3240.147,"end":3240.372},{"text":"we","start":3240.468,"end":3240.549},{"text":"must","start":3240.549,"end":3240.87},{"text":"build","start":3240.87,"end":3241.062},{"text":"a","start":3241.223,"end":3241.239},{"text":"complete","start":3241.352,"end":3241.978},{"text":"enabling","start":3242.09,"end":3242.459},{"text":"ecosystem","start":3242.588,"end":3243.214},{"text":"for","start":3243.599,"end":3243.76},{"text":"inclusive","start":3243.76,"end":3244.386},{"text":"and","start":3244.739,"end":3244.964},{"text":"job-rich","start":3244.964,"end":3245.43},{"text":"growth.","start":3245.847,"end":3245.992}]},{"text":"Allow me to highlight 5 priorities.","start":3247.132,"end":3249.043,"topics":[],"words":[{"text":"Allow","start":3247.132,"end":3247.228},{"text":"me","start":3247.244,"end":3247.469},{"text":"to","start":3247.469,"end":3247.598},{"text":"highlight","start":3247.614,"end":3247.935},{"text":"5","start":3248.015,"end":3248.288},{"text":"priorities.","start":3248.513,"end":3249.043}]},{"text":"First, we must invest in skills and capabilities that match the demands of a changing economy.","start":3250.279,"end":3256.348,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"First,","start":3250.279,"end":3250.696},{"text":"we","start":3251.467,"end":3251.531},{"text":"must","start":3251.564,"end":3251.869},{"text":"invest","start":3251.869,"end":3252.206},{"text":"in","start":3252.206,"end":3252.302},{"text":"skills","start":3252.302,"end":3252.655},{"text":"and","start":3252.848,"end":3252.912},{"text":"capabilities","start":3252.993,"end":3253.619},{"text":"that","start":3253.731,"end":3253.956},{"text":"match","start":3253.956,"end":3254.181},{"text":"the","start":3254.277,"end":3254.357},{"text":"demands","start":3254.438,"end":3254.823},{"text":"of","start":3255.192,"end":3255.321},{"text":"a","start":3255.321,"end":3255.417},{"text":"changing","start":3255.417,"end":3255.786},{"text":"economy.","start":3255.915,"end":3256.348}]},{"text":"Africa's young people are our greatest asset.","start":3257.086,"end":3259.826,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"Africa's","start":3257.086,"end":3257.407},{"text":"young","start":3257.487,"end":3257.631},{"text":"people","start":3257.743,"end":3258.192},{"text":"are","start":3258.528,"end":3258.72},{"text":"our","start":3258.784,"end":3258.865},{"text":"greatest","start":3258.929,"end":3259.425},{"text":"asset.","start":3259.57,"end":3259.826}]},{"text":"As such, we must strengthen education systems, expand technical and vocational training, deepen digital competencies, and equip young people with the skills needed to thrive in both existing and emerging industries.","start":3260.771,"end":3274.535,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."},{"key":"digital-innovation","label":"Digital Innovation and AI","description":"Digital transformation emerged as an important driver of productivity, services, and future employment, including artificial intelligence, fintech, e-commerce, and digital public infrastructure. Speakers also stressed the need for digital skills and inclusive technology policies so innovation benefits young people broadly."}],"words":[{"text":"As","start":3260.771,"end":3260.835},{"text":"such,","start":3260.883,"end":3261.332},{"text":"we","start":3261.989,"end":3262.069},{"text":"must","start":3262.069,"end":3262.309},{"text":"strengthen","start":3262.309,"end":3262.758},{"text":"education","start":3262.87,"end":3263.367},{"text":"systems,","start":3263.367,"end":3263.88},{"text":"expand","start":3264.296,"end":3264.713},{"text":"technical","start":3264.713,"end":3265.113},{"text":"and","start":3265.113,"end":3265.258},{"text":"vocational","start":3265.258,"end":3265.722},{"text":"training,","start":3265.738,"end":3266.123},{"text":"deepen","start":3266.636,"end":3267.004},{"text":"digital","start":3267.036,"end":3267.341},{"text":"competencies,","start":3267.357,"end":3268.046},{"text":"and","start":3268.622,"end":3268.734},{"text":"equip","start":3268.734,"end":3269.119},{"text":"young","start":3269.119,"end":3269.247},{"text":"people","start":3269.423,"end":3269.76},{"text":"with","start":3269.76,"end":3269.84},{"text":"the","start":3269.84,"end":3269.936},{"text":"skills","start":3269.936,"end":3270.369},{"text":"needed","start":3270.481,"end":3270.769},{"text":"to","start":3271.282,"end":3271.41},{"text":"thrive","start":3271.426,"end":3271.779},{"text":"in","start":3272.083,"end":3272.211},{"text":"both","start":3272.243,"end":3272.468},{"text":"existing","start":3272.468,"end":3272.932},{"text":"and","start":3273.429,"end":3273.509},{"text":"emerging","start":3273.509,"end":3273.894},{"text":"industries.","start":3274.086,"end":3274.535}]},{"text":"Second, we must shift from supporting only startups to scaling enterprises.","start":3275.512,"end":3280.703,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."},{"key":"enterprise-financing","label":"Financing for Entrepreneurs and SMEs","description":"Participants repeatedly raised the difficulty young entrepreneurs and small businesses face in accessing affordable capital. The discussion highlighted blended finance, guarantees, private-sector partnerships, and better investment channels to help firms scale and generate employment."}],"words":[{"text":"Second,","start":3275.512,"end":3276.217},{"text":"we","start":3276.65,"end":3276.746},{"text":"must","start":3276.746,"end":3276.97},{"text":"shift","start":3276.97,"end":3277.274},{"text":"from","start":3277.274,"end":3277.419},{"text":"supporting","start":3277.467,"end":3278.06},{"text":"only","start":3278.172,"end":3278.348},{"text":"startups","start":3278.348,"end":3279.005},{"text":"to","start":3279.373,"end":3279.47},{"text":"scaling","start":3279.47,"end":3279.95},{"text":"enterprises.","start":3280.094,"end":3280.703}]},{"text":"Africa does not simply need more businesses that survive.","start":3281.52,"end":3285.029,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"Africa","start":3281.52,"end":3281.857},{"text":"does","start":3281.857,"end":3281.985},{"text":"not","start":3282.081,"end":3282.257},{"text":"simply","start":3282.257,"end":3282.706},{"text":"need","start":3283.059,"end":3283.475},{"text":"more","start":3283.523,"end":3283.812},{"text":"businesses","start":3283.844,"end":3284.308},{"text":"that","start":3284.501,"end":3284.645},{"text":"survive.","start":3284.645,"end":3285.029}]},{"text":"But businesses that grow, innovate, compete, and create jobs.","start":3285.623,"end":3290.167,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"But","start":3285.623,"end":3285.848},{"text":"businesses","start":3285.848,"end":3286.314},{"text":"that","start":3286.346,"end":3286.522},{"text":"grow,","start":3286.651,"end":3286.763},{"text":"innovate,","start":3287.454,"end":3288.032},{"text":"compete,","start":3288.594,"end":3289.156},{"text":"and","start":3289.397,"end":3289.461},{"text":"create","start":3289.557,"end":3289.894},{"text":"jobs.","start":3289.894,"end":3290.167}]},{"text":"This requires stronger public-private partnerships to expand access to finance, markets, technology, and business services to help promising enterprises flourish.","start":3290.986,"end":3301.824,"topics":[{"key":"enterprise-financing","label":"Financing for Entrepreneurs and SMEs","description":"Participants repeatedly raised the difficulty young entrepreneurs and small businesses face in accessing affordable capital. The discussion highlighted blended finance, guarantees, private-sector partnerships, and better investment channels to help firms scale and generate employment."}],"words":[{"text":"This","start":3290.986,"end":3291.163},{"text":"requires","start":3291.163,"end":3291.532},{"text":"stronger","start":3291.645,"end":3292.126},{"text":"public-private","start":3292.126,"end":3292.897},{"text":"partnerships","start":3292.929,"end":3293.555},{"text":"to","start":3294.053,"end":3294.133},{"text":"expand","start":3294.133,"end":3294.535},{"text":"access","start":3294.535,"end":3294.872},{"text":"to","start":3294.872,"end":3295.016},{"text":"finance,","start":3295.016,"end":3295.594},{"text":"markets,","start":3295.964,"end":3296.397},{"text":"technology,","start":3297.007,"end":3297.521},{"text":"and","start":3298.131,"end":3298.308},{"text":"business","start":3298.308,"end":3298.726},{"text":"services","start":3299.031,"end":3299.641},{"text":"to","start":3300.058,"end":3300.122},{"text":"help","start":3300.138,"end":3300.395},{"text":"promising","start":3300.395,"end":3300.845},{"text":"enterprises","start":3300.861,"end":3301.407},{"text":"flourish.","start":3301.503,"end":3301.824}]},{"text":"Third, we must accelerate industrialization and value addition.","start":3302.708,"end":3306.529,"topics":[{"key":"industrialization-value-addition","label":"Industrialization and Value Addition","description":"Speakers emphasized that Africa cannot achieve transformation by exporting raw commodities and importing finished goods. They highlighted industrialization, local processing, manufacturing, and value addition in sectors such as agriculture, minerals, and pharmaceuticals as pathways to jobs and competitiveness."}],"words":[{"text":"Third,","start":3302.708,"end":3302.932},{"text":"we","start":3303.607,"end":3303.687},{"text":"must","start":3303.687,"end":3303.944},{"text":"accelerate","start":3303.944,"end":3304.49},{"text":"industrialization","start":3304.49,"end":3305.309},{"text":"and","start":3305.774,"end":3305.839},{"text":"value","start":3305.935,"end":3306.176},{"text":"addition.","start":3306.176,"end":3306.529}]},{"text":"Africa cannot create sufficient jobs for exporting by exporting raw commodities while importing finished products.","start":3307.605,"end":3314.556,"topics":[{"key":"industrialization-value-addition","label":"Industrialization and Value Addition","description":"Speakers emphasized that Africa cannot achieve transformation by exporting raw commodities and importing finished goods. They highlighted industrialization, local processing, manufacturing, and value addition in sectors such as agriculture, minerals, and pharmaceuticals as pathways to jobs and competitiveness."}],"words":[{"text":"Africa","start":3307.605,"end":3307.878},{"text":"cannot","start":3307.942,"end":3308.327},{"text":"create","start":3308.343,"end":3308.6},{"text":"sufficient","start":3308.6,"end":3309.227},{"text":"jobs","start":3309.227,"end":3309.516},{"text":"for","start":3309.612,"end":3309.837},{"text":"exporting","start":3309.869,"end":3310.399},{"text":"by","start":3310.818,"end":3310.947},{"text":"exporting","start":3310.996,"end":3311.449},{"text":"raw","start":3311.546,"end":3311.675},{"text":"commodities","start":3311.966,"end":3312.581},{"text":"while","start":3313.083,"end":3313.261},{"text":"importing","start":3313.261,"end":3313.698},{"text":"finished","start":3313.811,"end":3314.151},{"text":"products.","start":3314.151,"end":3314.556}]},{"text":"Whether in agriculture, manufacturing, critical minerals, tourism, pharmaceuticals, logistics, digital services, or creative economy, greater value addition must become central to our development model.","start":3316.497,"end":3329.442,"topics":[{"key":"industrialization-value-addition","label":"Industrialization and Value Addition","description":"Speakers emphasized that Africa cannot achieve transformation by exporting raw commodities and importing finished goods. They highlighted industrialization, local processing, manufacturing, and value addition in sectors such as agriculture, minerals, and pharmaceuticals as pathways to jobs and competitiveness."}],"words":[{"text":"Whether","start":3316.497,"end":3316.724},{"text":"in","start":3317.08,"end":3317.193},{"text":"agriculture,","start":3317.209,"end":3317.679},{"text":"manufacturing,","start":3317.695,"end":3318.488},{"text":"critical","start":3318.601,"end":3318.957},{"text":"minerals,","start":3318.957,"end":3319.378},{"text":"tourism,","start":3319.54,"end":3319.962},{"text":"pharmaceuticals,","start":3320.45,"end":3321.165},{"text":"logistics,","start":3321.279,"end":3321.929},{"text":"digital","start":3322.4,"end":3322.628},{"text":"services,","start":3322.66,"end":3323.197},{"text":"or","start":3323.7,"end":3323.847},{"text":"creative","start":3323.863,"end":3324.334},{"text":"economy,","start":3324.448,"end":3324.984},{"text":"greater","start":3325.68,"end":3325.857},{"text":"value","start":3325.857,"end":3326.002},{"text":"addition","start":3326.035,"end":3326.471},{"text":"must","start":3326.826,"end":3327.084},{"text":"become","start":3327.084,"end":3327.375},{"text":"central","start":3327.407,"end":3327.779},{"text":"to","start":3328.215,"end":3328.392},{"text":"our","start":3328.522,"end":3328.699},{"text":"development","start":3328.699,"end":3329.167},{"text":"model.","start":3329.167,"end":3329.442}]},{"text":"Fourth, we must leverage the Africa Continental Free Trade Area to develop regional value chains for industrialization and larger markets for African enterprises.","start":3330.621,"end":3340.259,"topics":[{"key":"regional-value-chains","label":"Regional Value Chains and AfCFTA","description":"The African Continental Free Trade Area was repeatedly presented as a major opportunity to expand intra-African trade and build regional value chains. Participants connected AfCFTA to industrial growth, larger markets, cross-border investment, and job creation across the continent."}],"words":[{"text":"Fourth,","start":3330.621,"end":3330.928},{"text":"we","start":3331.67,"end":3331.735},{"text":"must","start":3331.751,"end":3332.236},{"text":"leverage","start":3332.268,"end":3332.704},{"text":"the","start":3332.882,"end":3332.962},{"text":"Africa","start":3333.043,"end":3333.382},{"text":"Continental","start":3333.382,"end":3333.996},{"text":"Free","start":3334.012,"end":3334.19},{"text":"Trade","start":3334.19,"end":3334.48},{"text":"Area","start":3334.499,"end":3334.862},{"text":"to","start":3335.276,"end":3335.392},{"text":"develop","start":3335.425,"end":3335.838},{"text":"regional","start":3335.838,"end":3336.251},{"text":"value","start":3336.251,"end":3336.565},{"text":"chains","start":3336.565,"end":3336.88},{"text":"for","start":3336.95,"end":3337.143},{"text":"industrialization","start":3337.143,"end":3337.918},{"text":"and","start":3338.273,"end":3338.338},{"text":"larger","start":3338.419,"end":3338.677},{"text":"markets","start":3338.677,"end":3339.08},{"text":"for","start":3339.08,"end":3339.242},{"text":"African","start":3339.242,"end":3339.613},{"text":"enterprises.","start":3339.645,"end":3340.259}]},{"text":"The Africa Continental Free Trade Area provides a once-in-a-generation opportunity to develop competitive regional value chains in sectors such as agriculture, pharmaceuticals, automotive manufacturing, textiles, critical minerals, and digital services, attracting private sector investment, creating millions of jobs across borders, and enhancing Africa's economic resilience and competitiveness.","start":3341.179,"end":3365.619,"topics":[{"key":"regional-value-chains","label":"Regional Value Chains and AfCFTA","description":"The African Continental Free Trade Area was repeatedly presented as a major opportunity to expand intra-African trade and build regional value chains. 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together policy expertise, evidence, convening power, and a deep understanding of the continent's development 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Africa.","start":3630.31,"end":3633.857,"topics":[],"words":[{"text":"Excellencies,","start":3630.31,"end":3630.92},{"text":"this","start":3631.193,"end":3631.434},{"text":"forum","start":3631.434,"end":3631.722},{"text":"comes","start":3631.835,"end":3632.124},{"text":"at","start":3632.22,"end":3632.3},{"text":"a","start":3632.3,"end":3632.397},{"text":"pivotal","start":3632.397,"end":3632.766},{"text":"moment","start":3632.798,"end":3633.199},{"text":"for","start":3633.199,"end":3633.343},{"text":"Africa.","start":3633.343,"end":3633.857}]},{"text":"Across the continent, there is no shortage of ideas, strategies, or evidence about what works.","start":3634.547,"end":3640.004,"topics":[{"key":"implementation-gap","label":"Implementation Gap","description":"Several speakers stressed that Africa already has abundant research, policy ideas, and successful pilots, but struggles to translate them into delivery at scale. 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would further like to invite the first group of youth participants to the platform.","start":3991.01,"end":3997.047,"topics":[],"words":[{"text":"I","start":3991.01,"end":3991.106},{"text":"would","start":3991.106,"end":3991.203},{"text":"further","start":3991.203,"end":3991.589},{"text":"like","start":3991.589,"end":3991.847},{"text":"to","start":3991.847,"end":3991.976},{"text":"invite","start":3991.992,"end":3992.571},{"text":"the","start":3992.652,"end":3992.732},{"text":"first","start":3992.732,"end":3993.425},{"text":"group","start":3993.457,"end":3994.036},{"text":"of","start":3994.342,"end":3994.552},{"text":"youth","start":3994.568,"end":3994.906},{"text":"participants","start":3994.97,"end":3995.759},{"text":"to","start":3996.113,"end":3996.323},{"text":"the","start":3996.339,"end":3996.435},{"text":"platform.","start":3996.435,"end":3997.047}]},{"text":"The first group of participants, can you please come on 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right, Mr. Rom, you have the floor.","start":4066.754,"end":4068.317,"topics":[],"words":[{"text":"All","start":4066.754,"end":4066.819},{"text":"right,","start":4066.819,"end":4067.063},{"text":"Mr.","start":4067.079,"end":4067.356},{"text":"Rom,","start":4067.405,"end":4067.551},{"text":"you","start":4067.633,"end":4067.682},{"text":"have","start":4067.731,"end":4067.959},{"text":"the","start":4067.959,"end":4068.04},{"text":"floor.","start":4068.04,"end":4068.317}]},{"text":"The session will run for 60 minutes.","start":4068.789,"end":4070.76,"topics":[],"words":[{"text":"The","start":4068.789,"end":4068.887},{"text":"session","start":4068.887,"end":4069.376},{"text":"will","start":4069.424,"end":4069.587},{"text":"run","start":4069.587,"end":4069.734},{"text":"for","start":4069.848,"end":4070.027},{"text":"60","start":4070.06,"end":4070.385},{"text":"minutes.","start":4070.401,"end":4070.76}]},{"text":"Thank 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here in the right place.","start":4144.633,"end":4147.226,"topics":[],"words":[{"text":"Welcome","start":4144.633,"end":4145.119},{"text":"here","start":4145.119,"end":4145.379},{"text":"in","start":4146.481,"end":4146.529},{"text":"the","start":4146.562,"end":4146.643},{"text":"right","start":4146.643,"end":4146.902},{"text":"place.","start":4146.902,"end":4147.226}]},{"text":"Good morning, everyone.","start":4147.875,"end":4149.366,"topics":[],"words":[{"text":"Good","start":4147.875,"end":4148.491},{"text":"morning,","start":4148.523,"end":4148.734},{"text":"everyone.","start":4148.912,"end":4149.366}]},{"text":"I have the great pleasure to invite you to this session on Dialogue of Youth on Global Financial 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more than a technical discussion on the international financial mechanisms.","start":4160.836,"end":4165.55,"topics":[],"words":[{"text":"It's","start":4160.836,"end":4161.449},{"text":"more","start":4161.562,"end":4161.74},{"text":"than","start":4161.74,"end":4161.901},{"text":"a","start":4161.901,"end":4161.982},{"text":"technical","start":4161.982,"end":4162.386},{"text":"discussion","start":4162.386,"end":4162.999},{"text":"on","start":4163.032,"end":4163.128},{"text":"the","start":4163.516,"end":4163.597},{"text":"international","start":4163.758,"end":4164.646},{"text":"financial","start":4164.646,"end":4165.001},{"text":"mechanisms.","start":4165.001,"end":4165.55}]},{"text":"It is an opportunity for the African youth to ensure that their voice is heard in a global inclusive and adaptable financial system with regard to our people, because behind the notion of debt, the cost of capital, climate financing, we have opportunities for our youth to create employment, to ensure 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aim of our meeting today is to look at the challenges that we have and turn them into solutions and bring out ambitious recommendations held by the African youth to contribute to create the future Without further ado, I will give the floor to the Executive Secretary, Mr. Clever Gatete, for the introduction of this 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Clever Gatete, you have the floor.","start":4244.244,"end":4245.364,"topics":[],"words":[{"text":"Mr.","start":4244.244,"end":4244.458},{"text":"Clever","start":4244.507,"end":4244.82},{"text":"Gatete,","start":4244.82,"end":4245.018},{"text":"you","start":4245.051,"end":4245.084},{"text":"have","start":4245.084,"end":4245.166},{"text":"the","start":4245.166,"end":4245.199},{"text":"floor.","start":4245.199,"end":4245.364}]},{"text":"Thank you, Mr. Chairman.","start":4245.446,"end":4245.957,"topics":[],"words":[{"text":"Thank","start":4245.446,"end":4245.545},{"text":"you,","start":4245.545,"end":4245.578},{"text":"Mr.","start":4245.611,"end":4245.726},{"text":"Chairman.","start":4245.809,"end":4245.957}]}]}],"speaker":{"name":"Mr. Rom","affiliation":null,"affiliation_full":null,"group":null,"function":"Moderator"}},{"statement_number":31,"start":4250.869,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=4251","paragraphs":[{"sentences":[{"text":"Thank you very much, really, for this, from the 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Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"In","start":4594.884,"end":4594.98},{"text":"2025,","start":4594.98,"end":4596.072},{"text":"African","start":4596.201,"end":4596.554},{"text":"countries","start":4596.65,"end":4597.116},{"text":"were","start":4597.148,"end":4597.292},{"text":"expected","start":4597.325,"end":4598.079},{"text":"to","start":4598.513,"end":4598.625},{"text":"make","start":4598.641,"end":4598.85},{"text":"more","start":4599.219,"end":4599.428},{"text":"than","start":4599.637,"end":4599.845},{"text":"$100","start":4599.958,"end":4601.13},{"text":"billion","start":4601.323,"end":4602.029},{"text":"in","start":4602.029,"end":4602.591},{"text":"public","start":4602.607,"end":4602.993},{"text":"debt","start":4602.993,"end":4603.169},{"text":"repayments.","start":4603.314,"end":4604.068}]},{"text":"Many countries now spent more on servicing debt than on critical social sectors, whether health or education.","start":4605.08,"end":4615.577,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"Many","start":4605.08,"end":4605.305},{"text":"countries","start":4605.337,"end":4605.786},{"text":"now","start":4605.819,"end":4606.14},{"text":"spent","start":4606.718,"end":4607.253},{"text":"more","start":4607.253,"end":4607.447},{"text":"on","start":4607.836,"end":4607.982},{"text":"servicing","start":4607.982,"end":4608.452},{"text":"debt","start":4608.566,"end":4608.938},{"text":"than","start":4609.846,"end":4609.992},{"text":"on","start":4610.251,"end":4610.316},{"text":"critical","start":4610.413,"end":4610.997},{"text":"social","start":4611.24,"end":4611.807},{"text":"sectors,","start":4611.807,"end":4612.423},{"text":"whether","start":4613.265,"end":4613.606},{"text":"health","start":4614.222,"end":4614.53},{"text":"or","start":4614.723,"end":4614.916},{"text":"education.","start":4614.948,"end":4615.577}]},{"text":"And across the continent, debt service absorbs a substantial share of government revenues that could otherwise be actually invested in development.","start":4617.767,"end":4628.446,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"And","start":4617.767,"end":4617.912},{"text":"across","start":4618.267,"end":4618.782},{"text":"the","start":4619.136,"end":4619.233},{"text":"continent,","start":4619.233,"end":4619.797},{"text":"debt","start":4619.942,"end":4620.055},{"text":"service","start":4620.055,"end":4620.634},{"text":"absorbs","start":4621.15,"end":4621.569},{"text":"a","start":4621.665,"end":4621.682},{"text":"substantial","start":4621.746,"end":4622.68},{"text":"share","start":4622.68,"end":4622.954},{"text":"of","start":4623.421,"end":4623.47},{"text":"government","start":4623.47,"end":4623.904},{"text":"revenues","start":4623.904,"end":4624.806},{"text":"that","start":4624.855,"end":4625},{"text":"could","start":4625.032,"end":4625.306},{"text":"otherwise","start":4625.354,"end":4625.885},{"text":"be","start":4626.465,"end":4626.546},{"text":"actually","start":4626.642,"end":4627.093},{"text":"invested","start":4627.125,"end":4627.576},{"text":"in","start":4627.85,"end":4627.898},{"text":"development.","start":4627.995,"end":4628.446}]},{"text":"The youth did not create these challenges, but the youth often bear the greatest consequences of them.","start":4631.015,"end":4638.227,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. 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Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"The","start":4631.015,"end":4631.097},{"text":"youth","start":4631.114,"end":4631.327},{"text":"did","start":4631.425,"end":4631.589},{"text":"not","start":4631.589,"end":4631.72},{"text":"create","start":4631.851,"end":4632.277},{"text":"these","start":4632.506,"end":4632.651},{"text":"challenges,","start":4632.748,"end":4633.376},{"text":"but","start":4634.279,"end":4634.505},{"text":"the","start":4634.698,"end":4634.843},{"text":"youth","start":4634.859,"end":4635.182},{"text":"often","start":4635.327,"end":4635.633},{"text":"bear","start":4636.068,"end":4636.261},{"text":"the","start":4636.39,"end":4636.471},{"text":"greatest","start":4636.471,"end":4637.019},{"text":"consequences","start":4637.019,"end":4637.808},{"text":"of","start":4637.986,"end":4638.05},{"text":"them.","start":4638.082,"end":4638.227}]},{"text":"It means fewer jobs, less investments, reduced opportunities, and slower growth toward the future that Africa deserves.","start":4639.83,"end":4649.859,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. 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Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"That's","start":4652.427,"end":4652.752},{"text":"why","start":4652.752,"end":4652.866},{"text":"reforming","start":4653.093,"end":4653.629},{"text":"the","start":4653.824,"end":4653.97},{"text":"global","start":4653.97,"end":4654.23},{"text":"financial","start":4654.23,"end":4654.766},{"text":"architecture","start":4654.798,"end":4655.708},{"text":"is","start":4655.854,"end":4655.984},{"text":"not","start":4656.082,"end":4656.439},{"text":"a","start":4656.52,"end":4656.536},{"text":"technical","start":4656.569,"end":4657.024},{"text":"exercise.","start":4657.072,"end":4657.608}]},{"text":"It's a development imperative.","start":4658.474,"end":4660.125,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"It's","start":4658.474,"end":4658.765},{"text":"a","start":4658.862,"end":4658.878},{"text":"development","start":4658.927,"end":4659.429},{"text":"imperative.","start":4659.51,"end":4660.125}]},{"text":"It's a matter of fairness, and ultimately, it's a matter of intergenerational justice.","start":4661.436,"end":4667.073,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"It's","start":4661.436,"end":4661.566},{"text":"a","start":4661.76,"end":4661.792},{"text":"matter","start":4661.792,"end":4662.262},{"text":"of","start":4662.262,"end":4662.327},{"text":"fairness,","start":4662.327,"end":4662.861},{"text":"and","start":4662.99,"end":4663.055},{"text":"ultimately,","start":4663.217,"end":4663.686},{"text":"it's","start":4663.816,"end":4664.026},{"text":"a","start":4664.026,"end":4664.043},{"text":"matter","start":4664.043,"end":4664.48},{"text":"of","start":4664.755,"end":4664.852},{"text":"intergenerational","start":4665.079,"end":4666.52},{"text":"justice.","start":4666.634,"end":4667.073}]},{"text":"That's why really we wanted to have this discussion today.","start":4668.002,"end":4670.706,"topics":[],"words":[{"text":"That's","start":4668.002,"end":4668.197},{"text":"why","start":4668.246,"end":4668.507},{"text":"really","start":4668.507,"end":4668.686},{"text":"we","start":4668.751,"end":4668.849},{"text":"wanted","start":4668.914,"end":4669.289},{"text":"to","start":4669.322,"end":4669.387},{"text":"have","start":4669.403,"end":4669.615},{"text":"this","start":4669.713,"end":4669.827},{"text":"discussion","start":4669.892,"end":4670.348},{"text":"today.","start":4670.462,"end":4670.706}]},{"text":"In response, the Economic Commission for Africa, together with our member states, the African Union, and other partners, have been advancing an ambitious agenda for reform, including through the Africa High-Level Working Group on Global Financial Architecture, which ECA serves as a secretariat.","start":4672.633,"end":4695.709,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. 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Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"First,","start":4699.469,"end":4699.887},{"text":"we","start":4700.514,"end":4700.594},{"text":"need","start":4700.594,"end":4700.899},{"text":"a","start":4700.948,"end":4700.996},{"text":"system,","start":4700.996,"end":4701.462},{"text":"a","start":4701.976,"end":4701.992},{"text":"debt","start":4702.008,"end":4702.217},{"text":"system","start":4702.217,"end":4702.699},{"text":"that","start":4702.699,"end":4703.101},{"text":"works","start":4703.101,"end":4703.486},{"text":"better","start":4703.502,"end":4703.743},{"text":"for","start":4703.743,"end":4704.145},{"text":"development.","start":4704.145,"end":4704.707}]},{"text":"When countries face debt crises, solutions should be timely, transparent, and effective.","start":4705.672,"end":4712.483,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"When","start":4705.672,"end":4705.8},{"text":"countries","start":4705.896,"end":4706.362},{"text":"face","start":4706.62,"end":4706.909},{"text":"debt","start":4707.102,"end":4707.262},{"text":"crises,","start":4707.343,"end":4707.889},{"text":"solutions","start":4708.259,"end":4708.966},{"text":"should","start":4709.19,"end":4709.383},{"text":"be","start":4709.528,"end":4709.624},{"text":"timely,","start":4709.849,"end":4710.299},{"text":"transparent,","start":4710.877,"end":4711.696},{"text":"and","start":4711.921,"end":4711.985},{"text":"effective.","start":4712.017,"end":4712.483}]},{"text":"Debt restructuring processes should help countries return to growth and development more quickly rather than trapping them in prolonged uncertainty.","start":4713.543,"end":4725.762,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"Debt","start":4713.543,"end":4713.735},{"text":"restructuring","start":4713.767,"end":4714.394},{"text":"processes","start":4714.426,"end":4715.116},{"text":"should","start":4715.63,"end":4715.887},{"text":"help","start":4715.951,"end":4716.272},{"text":"countries","start":4716.353,"end":4716.802},{"text":"return","start":4717.493,"end":4717.926},{"text":"to","start":4718.119,"end":4718.199},{"text":"growth","start":4718.263,"end":4718.697},{"text":"and","start":4719.403,"end":4719.468},{"text":"development","start":4719.548,"end":4720.206},{"text":"more","start":4720.206,"end":4720.431},{"text":"quickly","start":4720.447,"end":4720.816},{"text":"rather","start":4721.972,"end":4722.294},{"text":"than","start":4722.294,"end":4722.502},{"text":"trapping","start":4722.92,"end":4723.273},{"text":"them","start":4723.401,"end":4723.546},{"text":"in","start":4723.755,"end":4723.835},{"text":"prolonged","start":4724.14,"end":4724.75},{"text":"uncertainty.","start":4725.023,"end":4725.762}]},{"text":"Africa recently adopted a robust common African position on debt, which is an important step in ensuring a stronger and more unified voice on this global debate and in shaping these reforms.","start":4726.87,"end":4746.475,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. 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Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"Second,","start":4747.278,"end":4747.711},{"text":"we","start":4748.064,"end":4748.209},{"text":"must","start":4748.209,"end":4748.675},{"text":"lower","start":4748.867,"end":4749.285},{"text":"the","start":4749.493,"end":4749.59},{"text":"cost","start":4749.59,"end":4750.12},{"text":"of","start":4750.168,"end":4750.28},{"text":"capital.","start":4750.312,"end":4750.714}]},{"text":"Africa is often perceived as riskier than it actually is.","start":4751.757,"end":4755.82,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. 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Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"Who","start":5175.125,"end":5175.254},{"text":"is","start":5175.625,"end":5175.673},{"text":"deciding","start":5175.77,"end":5176.318},{"text":"and","start":5176.818,"end":5176.883},{"text":"what","start":5177.06,"end":5177.189},{"text":"conditions","start":5177.318,"end":5177.931},{"text":"are","start":5178.028,"end":5178.109},{"text":"the","start":5178.109,"end":5178.205},{"text":"decisions","start":5178.205,"end":5178.657},{"text":"made?","start":5178.754,"end":5178.85}]},{"text":"What are the local contributors actually doing?","start":5179.524,"end":5184.315,"topics":[],"words":[{"text":"What","start":5179.524,"end":5179.797},{"text":"are","start":5180.167,"end":5180.247},{"text":"the","start":5180.247,"end":5180.376},{"text":"local","start":5180.408,"end":5180.955},{"text":"contributors","start":5181.936,"end":5182.547},{"text":"actually","start":5183.222,"end":5183.672},{"text":"doing?","start":5183.945,"end":5184.315}]},{"text":"We can't just talk about a technical transfer from the north to the south.","start":5184.974,"end":5190.595,"topics":[],"words":[{"text":"We","start":5184.974,"end":5185.071},{"text":"can't","start":5185.071,"end":5185.312},{"text":"just","start":5185.312,"end":5185.505},{"text":"talk","start":5185.537,"end":5185.73},{"text":"about","start":5185.73,"end":5185.987},{"text":"a","start":5188.289,"end":5188.305},{"text":"technical","start":5188.434,"end":5188.999},{"text":"transfer","start":5188.999,"end":5189.418},{"text":"from","start":5189.418,"end":5189.595},{"text":"the","start":5189.644,"end":5189.676},{"text":"north","start":5189.676,"end":5189.95},{"text":"to","start":5189.982,"end":5190.127},{"text":"the","start":5190.127,"end":5190.208},{"text":"south.","start":5190.208,"end":5190.595}]},{"text":"We have to think more in terms of leveraging finance, governance so that local actors can pilot their own transition.","start":5191.111,"end":5201.698,"topics":[{"key":"implementation-gap","label":"Implementation Gap","description":"Several speakers stressed that Africa already has abundant research, policy ideas, and successful pilots, but struggles to translate them into delivery at scale. 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Majuri.","start":5287.113,"end":5292.63,"topics":[],"words":[{"text":"Now","start":5287.113,"end":5287.226},{"text":"we","start":5287.29,"end":5287.37},{"text":"should","start":5287.37,"end":5287.546},{"text":"give","start":5287.594,"end":5287.739},{"text":"the","start":5287.771,"end":5287.915},{"text":"floor","start":5287.915,"end":5288.428},{"text":"to","start":5289.92,"end":5290.144},{"text":"Mr.","start":5290.401,"end":5290.753},{"text":"Majuri.","start":5291.7,"end":5292.63}]},{"text":"This is Madame Majuri.","start":5293.929,"end":5295.917,"topics":[],"words":[{"text":"This","start":5293.929,"end":5294.057},{"text":"is","start":5294.265,"end":5294.313},{"text":"Madame","start":5295.051,"end":5295.308},{"text":"Majuri.","start":5295.308,"end":5295.917}]},{"text":"My apologies, Madame Majuri 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colleague.","start":5302.46,"end":5305.988,"topics":[],"words":[{"text":"I'm","start":5302.46,"end":5302.604},{"text":"going","start":5302.604,"end":5302.732},{"text":"to","start":5302.764,"end":5302.861},{"text":"continue","start":5302.909,"end":5303.262},{"text":"along","start":5303.31,"end":5303.454},{"text":"the","start":5303.47,"end":5303.566},{"text":"same","start":5303.566,"end":5303.871},{"text":"lines","start":5303.887,"end":5304.288},{"text":"as","start":5304.913,"end":5305.058},{"text":"my","start":5305.17,"end":5305.394},{"text":"colleague.","start":5305.394,"end":5305.988}]},{"text":"When we talk about climate finance in Africa, what we tend to be talking about is a problem of volume, but empirical reality is such that it's not a matter of volume.","start":5306.517,"end":5318.843,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not 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They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"Sustainably","start":5387.12,"end":5387.634},{"text":"transform","start":5387.714,"end":5388.453},{"text":"our","start":5388.453,"end":5388.614},{"text":"economies,","start":5388.614,"end":5389.208},{"text":"and","start":5389.722,"end":5389.787},{"text":"the","start":5389.867,"end":5390.028},{"text":"institutional","start":5390.108,"end":5390.526},{"text":"constraints","start":5390.526,"end":5391.088},{"text":"are","start":5391.088,"end":5391.185},{"text":"such","start":5391.185,"end":5391.458},{"text":"that","start":5391.795,"end":5391.972},{"text":"we're","start":5391.972,"end":5392.133},{"text":"restricting","start":5392.133,"end":5392.743},{"text":"the","start":5392.92,"end":5393.129},{"text":"scope","start":5393.675,"end":5394.157},{"text":"of","start":5394.366,"end":5394.511},{"text":"the","start":5394.784,"end":5395.025},{"text":"investments","start":5395.587,"end":5396.31},{"text":"in","start":5396.375,"end":5396.439},{"text":"climate","start":5396.712,"end":5397.084},{"text":"finance.","start":5397.116,"end":5397.568}]},{"text":"It's not a matter just of increasing financial flows.","start":5397.858,"end":5401.037,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"It's","start":5397.858,"end":5398.245},{"text":"not","start":5398.245,"end":5398.455},{"text":"a","start":5398.568,"end":5398.633},{"text":"matter","start":5398.633,"end":5398.955},{"text":"just","start":5398.955,"end":5399.214},{"text":"of","start":5399.214,"end":5399.294},{"text":"increasing","start":5399.294,"end":5399.746},{"text":"financial","start":5400.117,"end":5400.65},{"text":"flows.","start":5400.65,"end":5401.037}]},{"text":"We have to guarantee transformation into tangible results.","start":5401.15,"end":5405.539,"topics":[{"key":"implementation-gap","label":"Implementation Gap","description":"Several speakers stressed that Africa already has abundant research, policy ideas, and successful pilots, but struggles to translate them into delivery at scale. The discussion focused on moving from evidence and dialogue to practical execution, accountability, and measurable impact."}],"words":[{"text":"We","start":5401.15,"end":5401.295},{"text":"have","start":5401.295,"end":5401.441},{"text":"to","start":5401.473,"end":5401.634},{"text":"guarantee","start":5401.634,"end":5402.118},{"text":"transformation","start":5402.506,"end":5403.296},{"text":"into","start":5403.571,"end":5403.99},{"text":"tangible","start":5404.603,"end":5405.104},{"text":"results.","start":5405.104,"end":5405.539}]},{"text":"So I have a question, my dear colleagues.","start":5405.588,"end":5407.937,"topics":[],"words":[{"text":"So","start":5405.588,"end":5405.878},{"text":"I","start":5405.943,"end":5405.959},{"text":"have","start":5405.959,"end":5406.04},{"text":"a","start":5406.04,"end":5406.056},{"text":"question,","start":5406.056,"end":5406.535},{"text":"my","start":5407.063,"end":5407.162},{"text":"dear","start":5407.294,"end":5407.657},{"text":"colleagues.","start":5407.706,"end":5407.937}]},{"text":"Beyond talking about mobilizing financing?","start":5409.72,"end":5414.448,"topics":[],"words":[{"text":"Beyond","start":5409.72,"end":5410.048},{"text":"talking","start":5410.163,"end":5410.54},{"text":"about","start":5410.737,"end":5411.164},{"text":"mobilizing","start":5412.526,"end":5412.92},{"text":"financing?","start":5413.88,"end":5414.448}]},{"text":"How can the ECA ensure the real impact on resiliency in our countries?","start":5414.789,"end":5420.131,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"How","start":5414.789,"end":5414.887},{"text":"can","start":5414.968,"end":5415.13},{"text":"the","start":5415.13,"end":5415.277},{"text":"ECA","start":5415.358,"end":5415.683},{"text":"ensure","start":5415.78,"end":5416.706},{"text":"the","start":5416.755,"end":5416.836},{"text":"real","start":5417.714,"end":5417.925},{"text":"impact","start":5418.055,"end":5418.688},{"text":"on","start":5418.77,"end":5418.818},{"text":"resiliency","start":5418.867,"end":5419.485},{"text":"in","start":5419.598,"end":5419.647},{"text":"our","start":5419.744,"end":5419.81},{"text":"countries?","start":5419.81,"end":5420.131}]},{"text":"Thank you.","start":5420.389,"end":5420.71,"topics":[],"words":[{"text":"Thank","start":5420.389,"end":5420.63},{"text":"you.","start":5420.63,"end":5420.71}]}]}],"speaker":{"name":"Majuri Mungu","affiliation":null,"affiliation_full":null,"group":null,"function":null}},{"statement_number":42,"start":5424.586,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=5425","paragraphs":[{"sentences":[{"text":"Thank you.","start":5424.586,"end":5427.176,"topics":[],"words":[{"text":"Thank","start":5424.586,"end":5426.983},{"text":"you.","start":5426.983,"end":5427.176}]},{"text":"Thank you very much, Madame Mashogi.","start":5427.304,"end":5428.902,"topics":[],"words":[{"text":"Thank","start":5427.304,"end":5427.465},{"text":"you","start":5427.465,"end":5427.53},{"text":"very","start":5427.53,"end":5427.61},{"text":"much,","start":5427.643,"end":5427.852},{"text":"Madame","start":5428.03,"end":5428.321},{"text":"Mashogi.","start":5428.369,"end":5428.902}]},{"text":"So without further delay, let me give the floor to Tefira Tau.","start":5429.677,"end":5435.086,"topics":[],"words":[{"text":"So","start":5429.677,"end":5429.806},{"text":"without","start":5429.806,"end":5430.048},{"text":"further","start":5430.048,"end":5430.387},{"text":"delay,","start":5430.387,"end":5430.856},{"text":"let","start":5430.872,"end":5431.05},{"text":"me","start":5431.098,"end":5431.34},{"text":"give","start":5431.34,"end":5431.453},{"text":"the","start":5431.518,"end":5431.663},{"text":"floor","start":5431.663,"end":5432.099},{"text":"to","start":5433.132,"end":5433.31},{"text":"Tefira","start":5434.247,"end":5434.747},{"text":"Tau.","start":5434.747,"end":5435.086}]},{"text":"Mr. Tefira Tau.","start":5436.039,"end":5437.275,"topics":[],"words":[{"text":"Mr.","start":5436.039,"end":5436.233},{"text":"Tefira","start":5436.33,"end":5436.777},{"text":"Tau.","start":5437.176,"end":5437.275}]}]}],"speaker":{"name":"Pamela Audrey Dirum","affiliation":"PAYU","affiliation_full":"PAYU","group":null,"function":"Vice President / Moderator"}},{"statement_number":43,"start":5439.267,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=5440","paragraphs":[{"sentences":[{"text":"Thank you very much for the opportunity to participate as a panelist in this year's dialogue.","start":5439.267,"end":5444.383,"topics":[],"words":[{"text":"Thank","start":5439.267,"end":5439.51},{"text":"you","start":5439.51,"end":5439.574},{"text":"very","start":5439.574,"end":5439.72},{"text":"much","start":5439.736,"end":5439.931},{"text":"for","start":5439.995,"end":5440.254},{"text":"the","start":5440.627,"end":5440.675},{"text":"opportunity","start":5440.708,"end":5441.177},{"text":"to","start":5441.194,"end":5441.291},{"text":"participate","start":5441.291,"end":5441.776},{"text":"as","start":5441.776,"end":5441.922},{"text":"a","start":5441.922,"end":5442.019},{"text":"panelist","start":5442.019,"end":5442.716},{"text":"in","start":5443.46,"end":5443.509},{"text":"this","start":5443.558,"end":5443.719},{"text":"year's","start":5443.719,"end":5443.978},{"text":"dialogue.","start":5443.978,"end":5444.383}]},{"text":"My reflection focuses on climate finance and resilience in Africa.","start":5445.54,"end":5448.921,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"My","start":5445.54,"end":5445.572},{"text":"reflection","start":5445.572,"end":5445.98},{"text":"focuses","start":5445.98,"end":5446.274},{"text":"on","start":5446.454,"end":5446.519},{"text":"climate","start":5446.634,"end":5447.026},{"text":"finance","start":5447.026,"end":5447.45},{"text":"and","start":5447.45,"end":5447.614},{"text":"resilience","start":5447.614,"end":5448.12},{"text":"in","start":5448.512,"end":5448.561},{"text":"Africa.","start":5448.594,"end":5448.921}]},{"text":"Africa contributes very little to global greenhouse gas emissions, but it is among the regions most affected by climate change.","start":5450.536,"end":5458.941,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"Africa","start":5450.536,"end":5450.859},{"text":"contributes","start":5450.859,"end":5451.279},{"text":"very","start":5451.344,"end":5451.489},{"text":"little","start":5452.087,"end":5452.33},{"text":"to","start":5452.33,"end":5452.411},{"text":"global","start":5452.411,"end":5452.766},{"text":"greenhouse","start":5452.799,"end":5453.122},{"text":"gas","start":5453.122,"end":5453.235},{"text":"emissions,","start":5453.235,"end":5453.591},{"text":"but","start":5454.835,"end":5455.013},{"text":"it","start":5455.013,"end":5455.142},{"text":"is","start":5455.142,"end":5455.223},{"text":"among","start":5455.708,"end":5456.015},{"text":"the","start":5456.112,"end":5456.193},{"text":"regions","start":5456.193,"end":5456.5},{"text":"most","start":5456.678,"end":5456.872},{"text":"affected","start":5456.872,"end":5457.26},{"text":"by","start":5457.26,"end":5457.357},{"text":"climate","start":5458.31,"end":5458.698},{"text":"change.","start":5458.698,"end":5458.941}]},{"text":"For Africa, climate change is not a future challenge.","start":5459.66,"end":5462.944,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"For","start":5459.66,"end":5459.757},{"text":"Africa,","start":5459.773,"end":5460.099},{"text":"climate","start":5460.83,"end":5461.221},{"text":"change","start":5461.237,"end":5461.481},{"text":"is","start":5461.497,"end":5461.578},{"text":"not","start":5461.578,"end":5461.822},{"text":"a","start":5462.148,"end":5462.164},{"text":"future","start":5462.213,"end":5462.522},{"text":"challenge.","start":5462.522,"end":5462.944}]},{"text":"It is already affecting lives, livelihoods, food security, infrastructure, and generally economic stability.","start":5464.002,"end":5471.483,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"It","start":5464.002,"end":5464.083},{"text":"is","start":5464.099,"end":5464.18},{"text":"already","start":5464.311,"end":5464.587},{"text":"affecting","start":5465.197,"end":5465.651},{"text":"lives,","start":5466.072,"end":5466.428},{"text":"livelihoods,","start":5466.574,"end":5467.028},{"text":"food","start":5467.935,"end":5468.097},{"text":"security,","start":5468.097,"end":5468.567},{"text":"infrastructure,","start":5469.41,"end":5470.122},{"text":"and","start":5470.139,"end":5470.301},{"text":"generally","start":5470.301,"end":5470.657},{"text":"economic","start":5470.657,"end":5471.095},{"text":"stability.","start":5471.095,"end":5471.483}]},{"text":"So my first point is climate finance for Africa is the issue of justice.","start":5473,"end":5477.589,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. 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They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"It","start":5478.907,"end":5478.989},{"text":"is","start":5478.989,"end":5479.054},{"text":"not","start":5479.054,"end":5479.217},{"text":"charity.","start":5479.217,"end":5479.428}]},{"text":"It is an investment in a shared and better future.","start":5480.612,"end":5483.745,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"It","start":5480.612,"end":5480.692},{"text":"is","start":5480.692,"end":5480.821},{"text":"an","start":5481.335,"end":5481.383},{"text":"investment","start":5481.431,"end":5481.978},{"text":"in","start":5481.978,"end":5482.026},{"text":"a","start":5482.604,"end":5482.62},{"text":"shared","start":5482.637,"end":5482.99},{"text":"and","start":5483.087,"end":5483.247},{"text":"better","start":5483.247,"end":5483.488},{"text":"future.","start":5483.488,"end":5483.745}]},{"text":"Therefore, those with greater historical responsibility and stronger financial capacity should provide fair support to countries most affected by climate change.","start":5485.449,"end":5495.196,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"Therefore,","start":5485.449,"end":5485.835},{"text":"those","start":5485.899,"end":5486.124},{"text":"with","start":5486.317,"end":5486.477},{"text":"greater","start":5486.477,"end":5486.799},{"text":"historical","start":5486.799,"end":5487.265},{"text":"responsibility","start":5487.265,"end":5487.924},{"text":"and","start":5488.567,"end":5488.631},{"text":"stronger","start":5488.711,"end":5489.113},{"text":"financial","start":5489.113,"end":5490.036},{"text":"capacity","start":5490.036,"end":5490.515},{"text":"should","start":5490.549,"end":5490.72},{"text":"provide","start":5490.789,"end":5491.199},{"text":"fair","start":5491.619,"end":5491.749},{"text":"support","start":5491.781,"end":5492.283},{"text":"to","start":5492.283,"end":5492.412},{"text":"countries","start":5492.429,"end":5492.817},{"text":"most","start":5493.254,"end":5493.497},{"text":"affected","start":5493.497,"end":5493.82},{"text":"by","start":5493.82,"end":5493.966},{"text":"climate","start":5494.629,"end":5494.953},{"text":"change.","start":5494.953,"end":5495.196}]},{"text":"Second, climate finance for low-income countries should be affordable and shouldn't increase the debt burdens.","start":5496.75,"end":5502.531,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"Second,","start":5496.75,"end":5497.106},{"text":"climate","start":5497.122,"end":5497.462},{"text":"finance","start":5497.462,"end":5497.785},{"text":"for","start":5497.85,"end":5498.028},{"text":"low-income","start":5498.028,"end":5498.433},{"text":"countries","start":5498.433,"end":5498.74},{"text":"should","start":5498.74,"end":5498.918},{"text":"be","start":5498.918,"end":5499.145},{"text":"affordable","start":5499.646,"end":5500.861},{"text":"and","start":5500.861,"end":5501.007},{"text":"shouldn't","start":5501.007,"end":5501.234},{"text":"increase","start":5501.234,"end":5501.607},{"text":"the","start":5501.818,"end":5501.899},{"text":"debt","start":5501.915,"end":5502.126},{"text":"burdens.","start":5502.158,"end":5502.531}]},{"text":"Greater focus should be placed on grants and concessional loans.","start":5503.763,"end":5506.989,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"Greater","start":5503.763,"end":5504.022},{"text":"focus","start":5504.104,"end":5504.395},{"text":"should","start":5504.412,"end":5504.59},{"text":"be","start":5504.59,"end":5504.817},{"text":"placed","start":5504.817,"end":5505.222},{"text":"on","start":5505.303,"end":5505.352},{"text":"grants","start":5505.806,"end":5506.276},{"text":"and","start":5506.292,"end":5506.422},{"text":"concessional","start":5506.454,"end":5506.892},{"text":"loans.","start":5506.892,"end":5506.989}]},{"text":"My third point, adaptation should be Africa's immediate priority.","start":5508.68,"end":5512.508,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"My","start":5508.68,"end":5508.728},{"text":"third","start":5508.728,"end":5509.003},{"text":"point,","start":5509.035,"end":5509.439},{"text":"adaptation","start":5509.923,"end":5510.489},{"text":"should","start":5510.489,"end":5510.65},{"text":"be","start":5510.65,"end":5510.908},{"text":"Africa's","start":5511.038,"end":5511.49},{"text":"immediate","start":5511.7,"end":5512.023},{"text":"priority.","start":5512.023,"end":5512.508}]},{"text":"While mitigation remains important, adaptation is more urgent because the continent is experiencing the adverse impacts of climate change.","start":5513.8,"end":5522.531,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"While","start":5513.8,"end":5514.09},{"text":"mitigation","start":5514.187,"end":5514.656},{"text":"remains","start":5514.753,"end":5515.06},{"text":"important,","start":5515.108,"end":5515.657},{"text":"adaptation","start":5516.553,"end":5517.008},{"text":"is","start":5517.04,"end":5517.137},{"text":"more","start":5517.202,"end":5517.429},{"text":"urgent","start":5517.429,"end":5517.77},{"text":"because","start":5517.77,"end":5517.997},{"text":"the","start":5517.997,"end":5518.095},{"text":"continent","start":5518.095,"end":5518.517},{"text":"is","start":5518.517,"end":5518.63},{"text":"experiencing","start":5518.663,"end":5519.361},{"text":"the","start":5520.08,"end":5520.21},{"text":"adverse","start":5520.226,"end":5520.567},{"text":"impacts","start":5520.567,"end":5520.924},{"text":"of","start":5520.973,"end":5521.054},{"text":"climate","start":5521.947,"end":5522.239},{"text":"change.","start":5522.271,"end":5522.531}]},{"text":"Fourth, the youth must be a center of climate action.","start":5523.797,"end":5526.703,"topics":[{"key":"youth-participation","label":"Youth Participation in Decision-Making","description":"Multiple interventions argued that young people should be treated not as passive beneficiaries but as active partners in designing and implementing policy. This included calls to include young women and youth with disabilities more fully in leadership, consultation, and accountability processes."}],"words":[{"text":"Fourth,","start":5523.797,"end":5524.024},{"text":"the","start":5524.057,"end":5524.138},{"text":"youth","start":5524.138,"end":5524.349},{"text":"must","start":5524.706,"end":5525.031},{"text":"be","start":5525.031,"end":5525.112},{"text":"a","start":5525.258,"end":5525.29},{"text":"center","start":5525.29,"end":5525.566},{"text":"of","start":5525.583,"end":5525.696},{"text":"climate","start":5526.086,"end":5526.492},{"text":"action.","start":5526.492,"end":5526.703}]},{"text":"They should involve in policymaking, implementation, innovation, and leadership.","start":5527.56,"end":5532.889,"topics":[{"key":"youth-participation","label":"Youth Participation in Decision-Making","description":"Multiple interventions argued that young people should be treated not as passive beneficiaries but as active partners in designing and implementing policy. This included calls to include young women and youth with disabilities more fully in leadership, consultation, and accountability processes."}],"words":[{"text":"They","start":5527.56,"end":5527.624},{"text":"should","start":5527.672,"end":5527.849},{"text":"involve","start":5527.849,"end":5528.204},{"text":"in","start":5528.236,"end":5528.284},{"text":"policymaking,","start":5528.316,"end":5528.928},{"text":"implementation,","start":5529.781,"end":5530.458},{"text":"innovation,","start":5530.892,"end":5531.343},{"text":"and","start":5531.44,"end":5531.665},{"text":"leadership.","start":5532.422,"end":5532.889}]},{"text":"And finally, climate finance should be aligned with national priorities.","start":5534.821,"end":5537.83,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"And","start":5534.821,"end":5534.901},{"text":"finally,","start":5534.982,"end":5535.336},{"text":"climate","start":5535.4,"end":5535.754},{"text":"finance","start":5535.787,"end":5536.044},{"text":"should","start":5536.044,"end":5536.334},{"text":"be","start":5536.366,"end":5536.559},{"text":"aligned","start":5536.608,"end":5537.059},{"text":"with","start":5537.075,"end":5537.187},{"text":"national","start":5537.22,"end":5537.428},{"text":"priorities.","start":5537.428,"end":5537.83}]},{"text":"It should not be donor-driven projects.","start":5538.071,"end":5540.515,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."}],"words":[{"text":"It","start":5538.071,"end":5538.538},{"text":"should","start":5538.538,"end":5538.65},{"text":"not","start":5538.65,"end":5538.827},{"text":"be","start":5538.859,"end":5539.116},{"text":"donor-driven","start":5539.422,"end":5540.064},{"text":"projects.","start":5540.064,"end":5540.515}]},{"text":"So national initiatives like Green Legacy in Ethiopia and similar efforts across Africa must get greater support.","start":5541.35,"end":5550.114,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. 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you very much.","start":5567.713,"end":5568.335,"topics":[],"words":[{"text":"Thank","start":5567.713,"end":5567.942},{"text":"you","start":5567.942,"end":5567.975},{"text":"very","start":5567.975,"end":5568.139},{"text":"much.","start":5568.139,"end":5568.335}]}]}],"speaker":{"name":"Tefira Tau","affiliation":null,"affiliation_full":null,"group":null,"function":null}},{"statement_number":44,"start":5573.9,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=5574","paragraphs":[{"sentences":[{"text":"Merci, merci à vous, merci infiniment.","start":5573.9,"end":5576.503,"topics":[],"words":[{"text":"Merci,","start":5573.9,"end":5574.433},{"text":"merci","start":5574.514,"end":5574.999},{"text":"à","start":5575.144,"end":5575.177},{"text":"vous,","start":5575.225,"end":5575.435},{"text":"merci","start":5575.629,"end":5576.018},{"text":"infiniment.","start":5576.018,"end":5576.503}]}]}],"speaker":{"name":null,"affiliation":null,"affiliation_full":null,"group":null,"function":null}},{"statement_number":45,"start":5576.6,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=5577","paragraphs":[{"sentences":[{"text":"Thank you, thank you so much.","start":5576.6,"end":5577.78,"topics":[],"words":[{"text":"Thank","start":5576.6,"end":5576.842},{"text":"you,","start":5576.842,"end":5576.891},{"text":"thank","start":5576.923,"end":5577.149},{"text":"you","start":5577.149,"end":5577.23},{"text":"so","start":5577.23,"end":5577.424},{"text":"much.","start":5577.424,"end":5577.78}]},{"text":"Thank you to all the participants who have contributed on this panel.","start":5578.604,"end":5582.469,"topics":[],"words":[{"text":"Thank","start":5578.604,"end":5578.928},{"text":"you","start":5578.928,"end":5579.009},{"text":"to","start":5579.009,"end":5579.154},{"text":"all","start":5579.186,"end":5579.316},{"text":"the","start":5579.364,"end":5579.542},{"text":"participants","start":5580.221,"end":5580.916},{"text":"who","start":5580.949,"end":5581.03},{"text":"have","start":5581.03,"end":5581.175},{"text":"contributed","start":5581.207,"end":5581.789},{"text":"on","start":5581.789,"end":5581.903},{"text":"this","start":5582,"end":5582.177},{"text":"panel.","start":5582.177,"end":5582.469}]},{"text":"I think for questions you'll answer later, won't you?","start":5583.148,"end":5586.847,"topics":[],"words":[{"text":"I","start":5583.148,"end":5583.164},{"text":"think","start":5583.293,"end":5583.568},{"text":"for","start":5583.713,"end":5583.875},{"text":"questions","start":5583.875,"end":5584.36},{"text":"you'll","start":5584.36,"end":5585.894},{"text":"answer","start":5585.894,"end":5586.153},{"text":"later,","start":5586.153,"end":5586.427},{"text":"won't","start":5586.443,"end":5586.686},{"text":"you?","start":5586.686,"end":5586.847}]},{"text":"Or should I give it to you now?","start":5591.19,"end":5592.02,"topics":[],"words":[{"text":"Or","start":5591.19,"end":5591.255},{"text":"should","start":5591.255,"end":5591.401},{"text":"I","start":5591.401,"end":5591.45},{"text":"give","start":5591.483,"end":5591.597},{"text":"it","start":5591.597,"end":5591.662},{"text":"to","start":5591.662,"end":5591.792},{"text":"you","start":5591.792,"end":5591.89},{"text":"now?","start":5591.89,"end":5592.02}]},{"text":"Should I give you the floor now?","start":5592.541,"end":5593.289,"topics":[],"words":[{"text":"Should","start":5592.541,"end":5592.622},{"text":"I","start":5592.622,"end":5592.703},{"text":"give","start":5592.703,"end":5592.801},{"text":"you","start":5592.801,"end":5592.866},{"text":"the","start":5592.866,"end":5592.964},{"text":"floor","start":5592.964,"end":5593.143},{"text":"now?","start":5593.143,"end":5593.289}]}]}],"speaker":{"name":"Pamela Audrey Dirum","affiliation":"PAYU","affiliation_full":"PAYU","group":null,"function":"Vice President / Moderator"}},{"statement_number":46,"start":5598.402,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=5599","paragraphs":[{"sentences":[{"text":"Passer à la deuxième session des séries de 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questions.","start":5601.815,"end":5602.794,"topics":[],"words":[{"text":"We'll","start":5601.815,"end":5601.912},{"text":"go","start":5601.912,"end":5602.01},{"text":"to","start":5602.01,"end":5602.092},{"text":"the","start":5602.157,"end":5602.223},{"text":"second","start":5602.223,"end":5602.5},{"text":"set","start":5602.5,"end":5602.582},{"text":"of","start":5602.582,"end":5602.615},{"text":"questions.","start":5602.631,"end":5602.794}]},{"text":"Issues for discussion: cost of capital, perception of risk, and investment promotion.","start":5607.539,"end":5613.531,"topics":[],"words":[{"text":"Issues","start":5607.539,"end":5607.813},{"text":"for","start":5607.991,"end":5608.104},{"text":"discussion:","start":5608.104,"end":5608.702},{"text":"cost","start":5609.381,"end":5609.93},{"text":"of","start":5609.946,"end":5610.075},{"text":"capital,","start":5610.108,"end":5610.657},{"text":"perception","start":5610.673,"end":5611.287},{"text":"of","start":5611.303,"end":5611.352},{"text":"risk,","start":5611.465,"end":5611.788},{"text":"and","start":5612.369,"end":5612.614},{"text":"investment","start":5612.614,"end":5613.046},{"text":"promotion.","start":5613.046,"end":5613.531}]},{"text":"Mr. Kwasi Kadi is going to speak to this.","start":5617.101,"end":5619.175,"topics":[],"words":[{"text":"Mr.","start":5617.101,"end":5617.441},{"text":"Kwasi","start":5617.506,"end":5617.895},{"text":"Kadi","start":5617.927,"end":5618.057},{"text":"is","start":5618.089,"end":5618.219},{"text":"going","start":5618.251,"end":5618.462},{"text":"to","start":5618.478,"end":5618.575},{"text":"speak","start":5618.575,"end":5618.883},{"text":"to","start":5618.883,"end":5619.045},{"text":"this.","start":5619.045,"end":5619.175}]},{"text":"This is Kwasi Kadi Akisi Irene.","start":5619.709,"end":5622.205,"topics":[],"words":[{"text":"This","start":5619.709,"end":5619.871},{"text":"is","start":5619.871,"end":5619.92},{"text":"Kwasi","start":5620.098,"end":5620.649},{"text":"Kadi","start":5621.151,"end":5621.459},{"text":"Akisi","start":5621.492,"end":5621.864},{"text":"Irene.","start":5621.978,"end":5622.205}]}]}],"speaker":{"name":"Pamela Audrey Dirum","affiliation":"PAYU","affiliation_full":"PAYU","group":null,"function":"Vice President / Moderator"}},{"statement_number":48,"start":5625.24,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=5626","paragraphs":[{"sentences":[{"text":"Hello.","start":5625.24,"end":5625.566,"topics":[],"words":[{"text":"Hello.","start":5625.24,"end":5625.566}]}]}],"speaker":{"name":null,"affiliation":null,"affiliation_full":null,"group":null,"function":null}},{"statement_number":49,"start":5625.992,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=5626","paragraphs":[{"sentences":[{"text":"Bonjour à tous.","start":5625.992,"end":5626.76,"topics":[],"words":[{"text":"Bonjour","start":5625.992,"end":5626.417},{"text":"à","start":5626.417,"end":5626.433},{"text":"tous.","start":5626.596,"end":5626.76}]},{"text":"Good morning, everybody.","start":5628.538,"end":5629.532,"topics":[],"words":[{"text":"Good","start":5628.538,"end":5628.672},{"text":"morning,","start":5628.706,"end":5628.942},{"text":"everybody.","start":5629.043,"end":5629.532}]},{"text":"I'm going to speak to reducing the cost of capital and the erroneous perception of risk in Africa and mobilizing investments in productive sectors that create jobs and bring about structured transformation.","start":5630.302,"end":5648.448,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."},{"key":"enterprise-financing","label":"Financing for Entrepreneurs and SMEs","description":"Participants repeatedly raised the difficulty young entrepreneurs and small businesses face in accessing affordable capital. The discussion highlighted blended finance, guarantees, private-sector partnerships, and better investment channels to help firms scale and generate employment."},{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"I'm","start":5630.302,"end":5630.431},{"text":"going","start":5630.431,"end":5630.576},{"text":"to","start":5630.593,"end":5630.69},{"text":"speak","start":5630.69,"end":5631.174},{"text":"to","start":5631.174,"end":5631.433},{"text":"reducing","start":5631.562,"end":5632.095},{"text":"the","start":5632.709,"end":5632.79},{"text":"cost","start":5632.87,"end":5633.274},{"text":"of","start":5633.274,"end":5633.355},{"text":"capital","start":5633.42,"end":5634.066},{"text":"and","start":5634.631,"end":5634.696},{"text":"the","start":5634.954,"end":5635.051},{"text":"erroneous","start":5635.132,"end":5635.536},{"text":"perception","start":5635.536,"end":5636.069},{"text":"of","start":5636.327,"end":5636.408},{"text":"risk","start":5637.135,"end":5637.539},{"text":"in","start":5637.636,"end":5637.684},{"text":"Africa","start":5637.781,"end":5638.379},{"text":"and","start":5638.671,"end":5638.881},{"text":"mobilizing","start":5639.075,"end":5639.545},{"text":"investments","start":5639.593,"end":5640.128},{"text":"in","start":5640.128,"end":5640.193},{"text":"productive","start":5640.225,"end":5640.921},{"text":"sectors","start":5641.601,"end":5642.298},{"text":"that","start":5642.33,"end":5642.492},{"text":"create","start":5642.492,"end":5642.832},{"text":"jobs","start":5643.123,"end":5643.593},{"text":"and","start":5643.787,"end":5644.079},{"text":"bring","start":5645.811,"end":5645.941},{"text":"about","start":5645.989,"end":5646.41},{"text":"structured","start":5646.961,"end":5647.478},{"text":"transformation.","start":5647.818,"end":5648.448}]},{"text":"The former president of the African Development Bank, before the 28th Annual Conference on Global Economic Analysis, said Africa pays 3 to 5 times more for its capital than the rest of the world.","start":5648.546,"end":5662.668,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"The","start":5648.546,"end":5648.626},{"text":"former","start":5648.626,"end":5648.885},{"text":"president","start":5648.885,"end":5649.273},{"text":"of","start":5649.273,"end":5649.354},{"text":"the","start":5649.354,"end":5649.451},{"text":"African","start":5649.451,"end":5649.758},{"text":"Development","start":5649.758,"end":5650.13},{"text":"Bank,","start":5650.179,"end":5650.422},{"text":"before","start":5650.81,"end":5651.068},{"text":"the","start":5651.068,"end":5651.311},{"text":"28th","start":5651.311,"end":5651.958},{"text":"Annual","start":5652.103,"end":5652.378},{"text":"Conference","start":5652.427,"end":5652.961},{"text":"on","start":5653.721,"end":5653.785},{"text":"Global","start":5655.435,"end":5655.694},{"text":"Economic","start":5655.694,"end":5656.05},{"text":"Analysis,","start":5656.05,"end":5656.585},{"text":"said","start":5656.602,"end":5656.886},{"text":"Africa","start":5657.737,"end":5658.235},{"text":"pays","start":5658.476,"end":5658.765},{"text":"3","start":5659.263,"end":5659.44},{"text":"to","start":5659.52,"end":5659.665},{"text":"5","start":5659.665,"end":5659.922},{"text":"times","start":5659.922,"end":5660.243},{"text":"more","start":5660.388,"end":5660.661},{"text":"for","start":5660.661,"end":5660.805},{"text":"its","start":5660.805,"end":5660.95},{"text":"capital","start":5660.95,"end":5661.4},{"text":"than","start":5661.849,"end":5661.978},{"text":"the","start":5661.994,"end":5662.074},{"text":"rest","start":5662.074,"end":5662.331},{"text":"of","start":5662.331,"end":5662.395},{"text":"the","start":5662.395,"end":5662.492},{"text":"world.","start":5662.492,"end":5662.668}]},{"text":"This is not a fatality.","start":5662.893,"end":5664.467,"topics":[],"words":[{"text":"This","start":5662.893,"end":5663.022},{"text":"is","start":5663.134,"end":5663.182},{"text":"not","start":5663.295,"end":5663.616},{"text":"a","start":5663.696,"end":5663.713},{"text":"fatality.","start":5663.761,"end":5664.467}]},{"text":"It's the fact— the result of opaque financial rules penalizing African countries and restricted access to global capital markets.","start":5665.158,"end":5675.791,"topics":[{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"It's","start":5665.158,"end":5665.447},{"text":"the","start":5665.447,"end":5665.544},{"text":"fact—","start":5666.09,"end":5666.459},{"text":"the","start":5666.572,"end":5666.652},{"text":"result","start":5666.652,"end":5667.118},{"text":"of","start":5667.23,"end":5667.359},{"text":"opaque","start":5668.194,"end":5668.82},{"text":"financial","start":5668.82,"end":5669.527},{"text":"rules","start":5669.543,"end":5670.009},{"text":"penalizing","start":5670.989,"end":5671.567},{"text":"African","start":5671.567,"end":5671.888},{"text":"countries","start":5671.888,"end":5672.338},{"text":"and","start":5672.611,"end":5672.9},{"text":"restricted","start":5673.012,"end":5673.559},{"text":"access","start":5673.639,"end":5674.169},{"text":"to","start":5674.297,"end":5674.635},{"text":"global","start":5674.699,"end":5674.94},{"text":"capital","start":5674.94,"end":5675.342},{"text":"markets.","start":5675.342,"end":5675.791}]},{"text":"As a result, viable products do not see the light of day.","start":5676.369,"end":5680.433,"topics":[],"words":[{"text":"As","start":5676.369,"end":5676.546},{"text":"a","start":5676.546,"end":5676.562},{"text":"result,","start":5676.867,"end":5677.349},{"text":"viable","start":5677.767,"end":5678.12},{"text":"products","start":5678.217,"end":5678.731},{"text":"do","start":5679.277,"end":5679.373},{"text":"not","start":5679.373,"end":5679.518},{"text":"see","start":5679.518,"end":5679.743},{"text":"the","start":5679.743,"end":5679.823},{"text":"light","start":5679.823,"end":5680.08},{"text":"of","start":5680.08,"end":5680.208},{"text":"day.","start":5680.224,"end":5680.433}]},{"text":"SMEs that could recruit— they could hire thousands of youth don't have an opportunity to do so.","start":5681.59,"end":5688.81,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"SMEs","start":5681.59,"end":5682.521},{"text":"that","start":5682.569,"end":5682.955},{"text":"could","start":5682.955,"end":5683.1},{"text":"recruit—","start":5683.956,"end":5684.376},{"text":"they","start":5684.601,"end":5684.698},{"text":"could","start":5684.698,"end":5684.908},{"text":"hire","start":5684.924,"end":5685.359},{"text":"thousands","start":5685.569,"end":5686.036},{"text":"of","start":5686.069,"end":5686.294},{"text":"youth","start":5686.294,"end":5686.44},{"text":"don't","start":5687.343,"end":5687.584},{"text":"have","start":5687.601,"end":5687.713},{"text":"an","start":5687.762,"end":5687.81},{"text":"opportunity","start":5687.842,"end":5688.375},{"text":"to","start":5688.375,"end":5688.407},{"text":"do","start":5688.407,"end":5688.568},{"text":"so.","start":5688.568,"end":5688.81}]},{"text":"And yet there are solutions, notably transformation of the way we perceive risk as African countries, putting in place instruments like blended finance, like guaranteed collateral.","start":5689.294,"end":5708.474,"topics":[{"key":"enterprise-financing","label":"Financing for Entrepreneurs and SMEs","description":"Participants repeatedly raised the difficulty young entrepreneurs and small businesses face in accessing affordable capital. The discussion highlighted blended finance, guarantees, private-sector partnerships, and better investment channels to help firms scale and generate employment."},{"key":"global-finance-reform","label":"Global Financial Architecture Reform","description":"A major panel focused on reforming the international financial system so it works better for Africa. Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"And","start":5689.294,"end":5689.358},{"text":"yet","start":5689.374,"end":5689.536},{"text":"there","start":5689.536,"end":5689.713},{"text":"are","start":5689.761,"end":5689.858},{"text":"solutions,","start":5689.858,"end":5690.181},{"text":"notably","start":5690.94,"end":5691.36},{"text":"transformation","start":5693.137,"end":5694.414},{"text":"of","start":5696.369,"end":5696.596},{"text":"the","start":5696.612,"end":5696.709},{"text":"way","start":5696.709,"end":5696.854},{"text":"we","start":5696.87,"end":5696.903},{"text":"perceive","start":5696.951,"end":5697.404},{"text":"risk","start":5697.5,"end":5697.775},{"text":"as","start":5697.775,"end":5697.921},{"text":"African","start":5697.921,"end":5698.212},{"text":"countries,","start":5698.308,"end":5698.858},{"text":"putting","start":5700.8,"end":5700.993},{"text":"in","start":5700.993,"end":5701.057},{"text":"place","start":5701.154,"end":5701.461},{"text":"instruments","start":5701.461,"end":5702.122},{"text":"like","start":5702.428,"end":5702.815},{"text":"blended","start":5703.492,"end":5703.976},{"text":"finance,","start":5703.976,"end":5704.589},{"text":"like","start":5705.411,"end":5705.685},{"text":"guaranteed","start":5707.023,"end":5707.862},{"text":"collateral.","start":5708.007,"end":5708.474}]},{"text":"Like the use of domestic resources.","start":5710.186,"end":5713.371,"topics":[],"words":[{"text":"Like","start":5710.186,"end":5710.411},{"text":"the","start":5711.071,"end":5711.135},{"text":"use","start":5711.151,"end":5711.424},{"text":"of","start":5711.457,"end":5711.601},{"text":"domestic","start":5712.358,"end":5712.905},{"text":"resources.","start":5712.905,"end":5713.371}]},{"text":"So capital mobilization should not be a wall that cannot be climbed over.","start":5713.95,"end":5719.613,"topics":[{"key":"enterprise-financing","label":"Financing for Entrepreneurs and SMEs","description":"Participants repeatedly raised the difficulty young entrepreneurs and small businesses face in accessing affordable capital. The discussion highlighted blended finance, guarantees, private-sector partnerships, and better investment channels to help firms scale and generate employment."}],"words":[{"text":"So","start":5713.95,"end":5714.256},{"text":"capital","start":5714.433,"end":5714.787},{"text":"mobilization","start":5714.787,"end":5715.511},{"text":"should","start":5715.575,"end":5715.752},{"text":"not","start":5715.752,"end":5715.913},{"text":"be","start":5715.978,"end":5716.138},{"text":"a","start":5716.138,"end":5716.299},{"text":"wall","start":5716.364,"end":5716.846},{"text":"that","start":5717.345,"end":5717.602},{"text":"cannot","start":5717.747,"end":5718.085},{"text":"be","start":5718.214,"end":5718.407},{"text":"climbed","start":5718.797,"end":5719.27},{"text":"over.","start":5719.27,"end":5719.613}]},{"text":"It should permit access for youth.","start":5721.066,"end":5723.106,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"It","start":5721.066,"end":5721.164},{"text":"should","start":5721.164,"end":5721.539},{"text":"permit","start":5721.654,"end":5722.062},{"text":"access","start":5722.062,"end":5722.568},{"text":"for","start":5722.715,"end":5722.943},{"text":"youth.","start":5722.943,"end":5723.106}]},{"text":"So I have a question.","start":5723.204,"end":5723.988,"topics":[],"words":[{"text":"So","start":5723.204,"end":5723.368},{"text":"I","start":5723.465,"end":5723.498},{"text":"have","start":5723.498,"end":5723.694},{"text":"a","start":5723.694,"end":5723.71},{"text":"question.","start":5723.759,"end":5723.988}]},{"text":"How in Africa can we activate the most urgent levers so that youth, young African entrepreneurs can actually benefit?","start":5725.652,"end":5734.507,"topics":[{"key":"enterprise-financing","label":"Financing for Entrepreneurs and SMEs","description":"Participants repeatedly raised the difficulty young entrepreneurs and small businesses face in accessing affordable capital. The discussion highlighted blended finance, guarantees, private-sector partnerships, and better investment channels to help firms scale and generate employment."},{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"How","start":5725.652,"end":5725.844},{"text":"in","start":5726.053,"end":5726.198},{"text":"Africa","start":5726.198,"end":5726.536},{"text":"can","start":5726.536,"end":5726.664},{"text":"we","start":5726.841,"end":5727.034},{"text":"activate","start":5727.902,"end":5728.609},{"text":"the","start":5728.609,"end":5728.641},{"text":"most","start":5728.641,"end":5728.978},{"text":"urgent","start":5729.027,"end":5729.364},{"text":"levers","start":5729.653,"end":5730.12},{"text":"so","start":5730.216,"end":5730.312},{"text":"that","start":5730.377,"end":5730.521},{"text":"youth,","start":5730.778,"end":5731.084},{"text":"young","start":5731.662,"end":5731.887},{"text":"African","start":5732.144,"end":5732.562},{"text":"entrepreneurs","start":5732.562,"end":5733.334},{"text":"can","start":5733.527,"end":5733.671},{"text":"actually","start":5733.671,"end":5734.073},{"text":"benefit?","start":5734.073,"end":5734.507}]},{"text":"From such capital?","start":5734.971,"end":5736.271,"topics":[{"key":"enterprise-financing","label":"Financing for Entrepreneurs and SMEs","description":"Participants repeatedly raised the difficulty young entrepreneurs and small businesses face in accessing affordable capital. The discussion highlighted blended finance, guarantees, private-sector partnerships, and better investment channels to help firms scale and generate employment."}],"words":[{"text":"From","start":5734.971,"end":5735.119},{"text":"such","start":5735.333,"end":5735.58},{"text":"capital?","start":5735.711,"end":5736.271}]},{"text":"How can they use it to contribute to the employment for youth?","start":5738.01,"end":5741.229,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. 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there, so let's move to Deborah.","start":6318.528,"end":6322.472,"topics":[],"words":[{"text":"So","start":6318.528,"end":6318.754},{"text":"he's","start":6318.754,"end":6319.724},{"text":"not","start":6319.789,"end":6320.031},{"text":"there,","start":6320.031,"end":6320.306},{"text":"so","start":6320.516,"end":6320.629},{"text":"let's","start":6320.678,"end":6320.92},{"text":"move","start":6320.92,"end":6321.066},{"text":"to","start":6321.098,"end":6321.276},{"text":"Deborah.","start":6322.052,"end":6322.472}]},{"text":"Deborah Mbaye is going to speak on the same 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Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."}],"words":[{"text":"In","start":6491.998,"end":6492.046},{"text":"the","start":6492.078,"end":6492.159},{"text":"same","start":6492.159,"end":6492.319},{"text":"perspective,","start":6492.319,"end":6492.882},{"text":"how","start":6492.946,"end":6493.059},{"text":"would","start":6493.188,"end":6493.349},{"text":"the","start":6493.349,"end":6493.429},{"text":"ECA","start":6494.651,"end":6495.214},{"text":"use","start":6496.098,"end":6496.5},{"text":"the","start":6496.5,"end":6496.725},{"text":"youth","start":6496.725,"end":6497.031},{"text":"or","start":6497.144,"end":6497.304},{"text":"involve","start":6497.304,"end":6497.594},{"text":"the","start":6497.626,"end":6497.771},{"text":"youth","start":6497.851,"end":6498.157},{"text":"in","start":6498.977,"end":6499.363},{"text":"achieving","start":6500.344,"end":6500.874},{"text":"that","start":6500.923,"end":6501.148},{"text":"mission?","start":6501.148,"end":6501.437}]},{"text":"Because the youth represent over 60% of the African population.","start":6501.486,"end":6505.94,"topics":[{"key":"youth-participation","label":"Youth Participation in Decision-Making","description":"Multiple interventions argued that young people should be treated not as passive beneficiaries but as active partners in designing and implementing policy. 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think you have followed the intervention of Madam Afiza, Madam Majorie Tefera.","start":6550.065,"end":6556.76,"topics":[],"words":[{"text":"I","start":6550.065,"end":6550.081},{"text":"think","start":6550.081,"end":6550.387},{"text":"you","start":6550.887,"end":6550.951},{"text":"have","start":6550.951,"end":6551.064},{"text":"followed","start":6551.064,"end":6551.596},{"text":"the","start":6551.596,"end":6551.789},{"text":"intervention","start":6553.285,"end":6553.816},{"text":"of","start":6554.025,"end":6554.122},{"text":"Madam","start":6554.122,"end":6554.315},{"text":"Afiza,","start":6554.428,"end":6555.071},{"text":"Madam","start":6555.087,"end":6555.28},{"text":"Majorie","start":6555.328,"end":6555.763},{"text":"Tefera.","start":6556.278,"end":6556.76}]},{"text":"Of course, 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questions.","start":6671.12,"end":6676.133,"topics":[],"words":[{"text":"The","start":6671.12,"end":6671.232},{"text":"Executive","start":6671.232,"end":6671.634},{"text":"Secretary","start":6671.634,"end":6672.148},{"text":"also","start":6672.245,"end":6672.727},{"text":"will","start":6673.369,"end":6673.9},{"text":"be","start":6674.269,"end":6674.43},{"text":"ready","start":6674.43,"end":6674.719},{"text":"to","start":6674.751,"end":6674.864},{"text":"answer","start":6674.976,"end":6675.153},{"text":"some","start":6675.153,"end":6675.314},{"text":"of","start":6675.378,"end":6675.49},{"text":"those","start":6675.49,"end":6675.603},{"text":"questions.","start":6675.715,"end":6676.133}]},{"text":"Yes, on that side, please take the floor.","start":6676.422,"end":6678.945,"topics":[],"words":[{"text":"Yes,","start":6676.422,"end":6676.519},{"text":"on","start":6676.583,"end":6676.631},{"text":"that","start":6676.679,"end":6676.824},{"text":"side,","start":6676.824,"end":6677.017},{"text":"please","start":6677.065,"end":6677.21},{"text":"take","start":6677.403,"end":6677.628},{"text":"the","start":6677.628,"end":6677.724},{"text":"floor.","start":6677.724,"end":6678.945}]}]}],"speaker":{"name":"Mr. Rom","affiliation":null,"affiliation_full":null,"group":null,"function":"Moderator"}},{"statement_number":69,"start":6679.475,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=6680","paragraphs":[{"sentences":[{"text":"Thank you so much.","start":6679.475,"end":6680.086,"topics":[],"words":[{"text":"Thank","start":6679.475,"end":6679.716},{"text":"you","start":6679.716,"end":6679.749},{"text":"so","start":6679.749,"end":6679.909},{"text":"much.","start":6679.941,"end":6680.086}]},{"text":"First of all, I would like to thank everyone for such insightful session.","start":6681.082,"end":6686.273,"topics":[],"words":[{"text":"First","start":6681.082,"end":6681.355},{"text":"of","start":6681.355,"end":6681.5},{"text":"all,","start":6681.5,"end":6681.548},{"text":"I","start":6681.661,"end":6681.677},{"text":"would","start":6681.886,"end":6681.982},{"text":"like","start":6681.982,"end":6682.223},{"text":"to","start":6682.223,"end":6682.48},{"text":"thank","start":6683.669,"end":6683.991},{"text":"everyone","start":6683.991,"end":6684.36},{"text":"for","start":6684.392,"end":6684.634},{"text":"such","start":6684.634,"end":6684.842},{"text":"insightful","start":6685.276,"end":6685.855},{"text":"session.","start":6685.855,"end":6686.273}]},{"text":"Thank you for bringing hope and reminding us that transformation is still possible.","start":6687.108,"end":6692.314,"topics":[],"words":[{"text":"Thank","start":6687.108,"end":6687.285},{"text":"you","start":6687.285,"end":6687.365},{"text":"for","start":6687.365,"end":6687.671},{"text":"bringing","start":6687.671,"end":6688.137},{"text":"hope","start":6688.394,"end":6688.522},{"text":"and","start":6688.715,"end":6688.94},{"text":"reminding","start":6688.956,"end":6689.39},{"text":"us","start":6689.438,"end":6689.599},{"text":"that","start":6689.599,"end":6689.952},{"text":"transformation","start":6690.434,"end":6691.109},{"text":"is","start":6691.206,"end":6691.27},{"text":"still","start":6691.447,"end":6691.848},{"text":"possible.","start":6691.848,"end":6692.314}]},{"text":"At the end of the day, hope is what we kept African young people believing in change that can happen.","start":6693.07,"end":6699.944,"topics":[{"key":"youth-participation","label":"Youth Participation in Decision-Making","description":"Multiple interventions argued that young people 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within the framework of the Global Financial Agenda, don't you think that the main issue here or matter or question is to mobilize financial 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ECA.","start":8237.29,"end":8238.51,"topics":[],"words":[{"text":"You","start":8237.29,"end":8237.354},{"text":"are","start":8237.354,"end":8237.387},{"text":"now","start":8237.387,"end":8237.531},{"text":"part","start":8237.611,"end":8237.852},{"text":"of","start":8237.852,"end":8237.948},{"text":"the","start":8237.948,"end":8238.077},{"text":"ECA.","start":8238.157,"end":8238.51}]},{"text":"I think together we can really make a big difference to our 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Gatete","affiliation":"ECA","affiliation_full":"ECA","group":null,"function":"Executive Secretary"}},{"statement_number":92,"start":8251.411,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=8252","paragraphs":[{"sentences":[{"text":"Thank you, ladies and gentlemen.","start":8251.411,"end":8256.571,"topics":[],"words":[{"text":"Thank","start":8251.411,"end":8254.902},{"text":"you,","start":8254.967,"end":8255.113},{"text":"ladies","start":8255.779,"end":8255.925},{"text":"and","start":8256.039,"end":8256.169},{"text":"gentlemen.","start":8256.169,"end":8256.571}]},{"text":"Thank you, Deputy Executive Secretary.","start":8257.57,"end":8260.598,"topics":[],"words":[{"text":"Thank","start":8257.57,"end":8257.876},{"text":"you,","start":8257.876,"end":8258.069},{"text":"Deputy","start":8258.375,"end":8258.826},{"text":"Executive","start":8258.939,"end":8259.632},{"text":"Secretary.","start":8259.825,"end":8260.598}]},{"text":"Dear participants, this brings us to the end of this Extremely enriching session.","start":8261.097,"end":8269.126,"topics":[],"words":[{"text":"Dear","start":8261.097,"end":8261.274},{"text":"participants,","start":8261.274,"end":8262.692},{"text":"this","start":8262.885,"end":8263.046},{"text":"brings","start":8263.046,"end":8263.352},{"text":"us","start":8263.352,"end":8263.449},{"text":"to","start":8263.449,"end":8263.562},{"text":"the","start":8263.61,"end":8263.755},{"text":"end","start":8263.836,"end":8264.093},{"text":"of","start":8264.093,"end":8264.222},{"text":"this","start":8264.641,"end":8264.77},{"text":"Extremely","start":8266.608,"end":8267.122},{"text":"enriching","start":8267.234,"end":8267.763},{"text":"session.","start":8268.661,"end":8269.126}]},{"text":"There are several key 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we must reduce the cost of capital.","start":8283.03,"end":8286.093,"topics":[],"words":[{"text":"Secondly,","start":8283.03,"end":8283.479},{"text":"we","start":8283.511,"end":8283.591},{"text":"must","start":8283.591,"end":8284.072},{"text":"reduce","start":8284.296,"end":8284.681},{"text":"the","start":8284.858,"end":8285.002},{"text":"cost","start":8285.018,"end":8285.483},{"text":"of","start":8285.579,"end":8285.644},{"text":"capital.","start":8285.676,"end":8286.093}]},{"text":"Thirdly, there's stimulus for economic transformation on our continent, and we 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resilience.","start":8292.876,"end":8296.928,"topics":[],"words":[{"text":"To","start":8292.876,"end":8293.053},{"text":"have","start":8293.6,"end":8293.745},{"text":"climate","start":8293.841,"end":8294.806},{"text":"financing","start":8294.806,"end":8295.481},{"text":"that","start":8295.545,"end":8295.722},{"text":"improves","start":8295.802,"end":8296.156},{"text":"on","start":8296.253,"end":8296.333},{"text":"resilience.","start":8296.349,"end":8296.928}]},{"text":"We have to combat illicit financial flows which prevents Africa from getting the resources that are essential for Africa's 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there's a central role that youth play as actors of development, making proposals for global 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Idrissou, you have the floor.","start":11462.943,"end":11464.493,"topics":[],"words":[{"text":"Ms.","start":11462.943,"end":11463.137},{"text":"Idrissou,","start":11463.25,"end":11463.782},{"text":"you","start":11463.799,"end":11463.944},{"text":"have","start":11463.96,"end":11464.105},{"text":"the","start":11464.138,"end":11464.283},{"text":"floor.","start":11464.283,"end":11464.493}]},{"text":"This session will run for 90 minutes in Japanese 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this is how this is going to go.","start":11531.828,"end":11533.834,"topics":[],"words":[{"text":"So","start":11531.828,"end":11532.197},{"text":"this","start":11532.213,"end":11532.438},{"text":"is","start":11532.438,"end":11532.502},{"text":"how","start":11532.534,"end":11532.646},{"text":"this","start":11532.775,"end":11533.015},{"text":"is","start":11533.015,"end":11533.064},{"text":"going","start":11533.16,"end":11533.384},{"text":"to","start":11533.497,"end":11533.657},{"text":"go.","start":11533.721,"end":11533.834}]},{"text":"I'm going to give each contestant here 5 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not today.","start":11550.327,"end":11550.985,"topics":[],"words":[{"text":"But","start":11550.327,"end":11550.439},{"text":"not","start":11550.439,"end":11550.616},{"text":"today.","start":11550.744,"end":11550.985}]},{"text":"Tomorrow is when we announce the ultimate winners.","start":11551.723,"end":11555.123,"topics":[],"words":[{"text":"Tomorrow","start":11551.723,"end":11552.364},{"text":"is","start":11552.509,"end":11552.637},{"text":"when","start":11552.733,"end":11552.862},{"text":"we","start":11552.974,"end":11553.07},{"text":"announce","start":11553.07,"end":11553.52},{"text":"the","start":11553.792,"end":11554.016},{"text":"ultimate","start":11554.097,"end":11554.594},{"text":"winners.","start":11554.818,"end":11555.123}]},{"text":"So after the first 3 pitches, I'll take questions from our judges very briefly and then move on to the next.","start":11555.732,"end":11563.331,"topics":[],"words":[{"text":"So","start":11555.732,"end":11555.94},{"text":"after","start":11556.101,"end":11556.501},{"text":"the","start":11556.662,"end":11556.758},{"text":"first","start":11556.758,"end":11557.078},{"text":"3","start":11557.078,"end":11557.383},{"text":"pitches,","start":11557.383,"end":11557.768},{"text":"I'll","start":11557.896,"end":11558.04},{"text":"take","start":11558.04,"end":11558.521},{"text":"questions","start":11558.521,"end":11559.002},{"text":"from","start":11559.563,"end":11559.804},{"text":"our","start":11559.82,"end":11560.044},{"text":"judges","start":11560.108,"end":11560.413},{"text":"very","start":11560.509,"end":11560.685},{"text":"briefly","start":11560.75,"end":11561.215},{"text":"and","start":11561.327,"end":11561.391},{"text":"then","start":11561.407,"end":11561.535},{"text":"move","start":11561.647,"end":11561.904},{"text":"on","start":11562.032,"end":11562.257},{"text":"to","start":11562.689,"end":11562.946},{"text":"the","start":11563.01,"end":11563.106},{"text":"next.","start":11563.106,"end":11563.331}]},{"text":"So without wasting more time, Sadiki, are you ready?","start":11563.427,"end":11568.557,"topics":[],"words":[{"text":"So","start":11563.427,"end":11563.796},{"text":"without","start":11564.918,"end":11565.399},{"text":"wasting","start":11565.495,"end":11565.864},{"text":"more","start":11565.896,"end":11566.136},{"text":"time,","start":11566.136,"end":11566.681},{"text":"Sadiki,","start":11567.435,"end":11568.028},{"text":"are","start":11568.06,"end":11568.14},{"text":"you","start":11568.14,"end":11568.3},{"text":"ready?","start":11568.3,"end":11568.557}]},{"text":"Are you ready?","start":11569.823,"end":11570.513,"topics":[],"words":[{"text":"Are","start":11569.823,"end":11569.968},{"text":"you","start":11569.968,"end":11570.048},{"text":"ready?","start":11570.144,"end":11570.513}]},{"text":"Okay, round of applause for Sadiki.","start":11571.426,"end":11573.046,"topics":[],"words":[{"text":"Okay,","start":11571.426,"end":11571.715},{"text":"round","start":11571.731,"end":11571.907},{"text":"of","start":11571.907,"end":11572.068},{"text":"applause","start":11572.068,"end":11572.436},{"text":"for","start":11572.452,"end":11572.613},{"text":"Sadiki.","start":11572.629,"end":11573.046}]},{"text":"They need the energy.","start":11573.094,"end":11573.959,"topics":[],"words":[{"text":"They","start":11573.094,"end":11573.19},{"text":"need","start":11573.19,"end":11573.35},{"text":"the","start":11573.35,"end":11573.43},{"text":"energy.","start":11573.51,"end":11573.959}]},{"text":"Let's go.","start":11574.456,"end":11574.905,"topics":[],"words":[{"text":"Let's","start":11574.456,"end":11574.713},{"text":"go.","start":11574.713,"end":11574.905}]},{"text":"So Sadiki is from Rwanda, and he will be presenting on what he calls the Africa Works Platform.","start":11575.434,"end":11583.098,"topics":[],"words":[{"text":"So","start":11575.434,"end":11575.611},{"text":"Sadiki","start":11575.611,"end":11576.204},{"text":"is","start":11576.316,"end":11576.444},{"text":"from","start":11576.476,"end":11576.653},{"text":"Rwanda,","start":11576.701,"end":11577.438},{"text":"and","start":11577.903,"end":11578.144},{"text":"he","start":11578.144,"end":11578.304},{"text":"will","start":11578.32,"end":11578.64},{"text":"be","start":11578.64,"end":11578.881},{"text":"presenting","start":11578.881,"end":11579.17},{"text":"on","start":11579.513,"end":11579.579},{"text":"what","start":11579.611,"end":11579.841},{"text":"he","start":11579.841,"end":11580.021},{"text":"calls","start":11580.021,"end":11580.397},{"text":"the","start":11580.43,"end":11580.512},{"text":"Africa","start":11580.659,"end":11581.248},{"text":"Works","start":11581.657,"end":11582.165},{"text":"Platform.","start":11582.476,"end":11583.098}]},{"text":"All right, your clock starts now.","start":11584.53,"end":11587.278,"topics":[],"words":[{"text":"All","start":11584.53,"end":11584.595},{"text":"right,","start":11584.595,"end":11584.694},{"text":"your","start":11584.727,"end":11584.892},{"text":"clock","start":11584.892,"end":11585.303},{"text":"starts","start":11585.303,"end":11585.928},{"text":"now.","start":11587.113,"end":11587.278}]}]}],"speaker":{"name":"Mona Idrissou","affiliation":"ACET","affiliation_full":"ACET","group":null,"function":"Head of Youth Employment and Skills"}},{"statement_number":100,"start":11597.196,"pageUrl":"/en/asset/k1f/k1fkb51g0f?t=11598","paragraphs":[{"sentences":[{"text":"Good morning, dear Excellencies.","start":11597.196,"end":11598.696,"topics":[],"words":[{"text":"Good","start":11597.196,"end":11597.454},{"text":"morning,","start":11597.454,"end":11597.744},{"text":"dear","start":11597.841,"end":11598.067},{"text":"Excellencies.","start":11598.067,"end":11598.696}]},{"text":"My name is Higwe Masadiki from Rwanda.","start":11599.534,"end":11601.645,"topics":[],"words":[{"text":"My","start":11599.534,"end":11599.63},{"text":"name","start":11599.63,"end":11599.888},{"text":"is","start":11599.937,"end":11600.001},{"text":"Higwe","start":11600.082,"end":11600.34},{"text":"Masadiki","start":11600.34,"end":11600.952},{"text":"from","start":11600.968,"end":11601.146},{"text":"Rwanda.","start":11601.291,"end":11601.645}]},{"text":"I'm here to present the Africa Works platform.","start":11603.964,"end":11607.721,"topics":[],"words":[{"text":"I'm","start":11603.964,"end":11604.206},{"text":"here","start":11604.255,"end":11604.514},{"text":"to","start":11604.514,"end":11604.643},{"text":"present","start":11604.676,"end":11605.242},{"text":"the","start":11605.323,"end":11605.582},{"text":"Africa","start":11605.874,"end":11606.472},{"text":"Works","start":11606.764,"end":11606.909},{"text":"platform.","start":11607.192,"end":11607.721}]},{"text":"So through my background education in law and also with master's in AI, I have examined critical challenge in our 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also— regarding today our statistics, over 60% youth in Africa are under 25 years, and also 19% are SMEs, a business.","start":11618.97,"end":11629.691,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. 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Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."}],"words":[{"text":"Also","start":11629.867,"end":11630.124},{"text":"17%","start":11630.124,"end":11631.021},{"text":"are","start":11631.534,"end":11631.694},{"text":"youth","start":11631.694,"end":11631.838},{"text":"unemployed","start":11632.031,"end":11632.528},{"text":"or","start":11632.672,"end":11632.816},{"text":"underemployed.","start":11632.897,"end":11633.49}]},{"text":"So Africa Work Platform is addressed to address those gaps with creating integrated system designed to connect youth to skills and entrepreneurship and also the enterprise at a very large scale.","start":11633.779,"end":11648.041,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. 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The discussion highlighted blended finance, guarantees, private-sector partnerships, and better investment channels to help firms scale and generate employment."}],"words":[{"text":"First","start":11682.676,"end":11682.997},{"text":"is","start":11682.997,"end":11683.077},{"text":"a","start":11683.077,"end":11683.141},{"text":"skills","start":11683.141,"end":11683.51},{"text":"match,","start":11683.623,"end":11683.88},{"text":"limited","start":11684.024,"end":11684.409},{"text":"access","start":11684.409,"end":11684.73},{"text":"to","start":11684.73,"end":11684.811},{"text":"finance,","start":11684.811,"end":11685.485},{"text":"poor","start":11685.71,"end":11685.934},{"text":"institutional","start":11685.934,"end":11686.753},{"text":"fragmented","start":11686.753,"end":11687.315},{"text":"job,","start":11687.315,"end":11687.733},{"text":"weak","start":11687.941,"end":11688.278},{"text":"SME","start":11688.278,"end":11688.535},{"text":"digitalization,","start":11688.599,"end":11689.097},{"text":"high","start":11689.386,"end":11689.514},{"text":"informal","start":11689.723,"end":11690.333},{"text":"employment.","start":11690.349,"end":11691.167}]},{"text":"And then we are bringing— we are bringing— sorry, we are just bringing a solution.","start":11691.97,"end":11697.313,"topics":[],"words":[{"text":"And","start":11691.97,"end":11692.034},{"text":"then","start":11692.13,"end":11692.323},{"text":"we","start":11692.611,"end":11692.692},{"text":"are","start":11692.756,"end":11693.013},{"text":"bringing—","start":11693.013,"end":11693.462},{"text":"we","start":11693.494,"end":11693.638},{"text":"are","start":11693.638,"end":11693.799},{"text":"bringing—","start":11693.799,"end":11694.024},{"text":"sorry,","start":11694.12,"end":11694.505},{"text":"we","start":11695.339,"end":11695.484},{"text":"are","start":11695.484,"end":11695.58},{"text":"just","start":11695.58,"end":11695.853},{"text":"bringing","start":11695.901,"end":11696.19},{"text":"a","start":11696.703,"end":11696.72},{"text":"solution.","start":11696.784,"end":11697.313}]},{"text":"Our solution is found in 4 pillars.","start":11697.65,"end":11699.72,"topics":[],"words":[{"text":"Our","start":11697.65,"end":11697.763},{"text":"solution","start":11697.763,"end":11698.34},{"text":"is","start":11698.388,"end":11698.437},{"text":"found","start":11698.549,"end":11698.806},{"text":"in","start":11698.806,"end":11698.95},{"text":"4","start":11698.95,"end":11699.335},{"text":"pillars.","start":11699.351,"end":11699.72}]},{"text":"The first one, skills development, AI-powered drop-in, entrepreneurial support, financial and market access.","start":11700.234,"end":11706.813,"topics":[{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."},{"key":"digital-innovation","label":"Digital Innovation and AI","description":"Digital transformation emerged as an important driver of productivity, services, and future employment, including artificial intelligence, fintech, e-commerce, and digital public infrastructure. Speakers also stressed the need for digital skills and inclusive technology policies so innovation benefits young people broadly."},{"key":"enterprise-financing","label":"Financing for Entrepreneurs and SMEs","description":"Participants repeatedly raised the difficulty young entrepreneurs and small businesses face in accessing affordable capital. 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Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."},{"key":"enterprise-financing","label":"Financing for Entrepreneurs and SMEs","description":"Participants repeatedly raised the difficulty young entrepreneurs and small businesses face in accessing affordable capital. The discussion highlighted blended finance, guarantees, private-sector partnerships, and better investment channels to help firms scale and generate employment."}],"words":[{"text":"We","start":11714.275,"end":11714.355},{"text":"are","start":11714.419,"end":11714.5},{"text":"just","start":11714.5,"end":11714.821},{"text":"focused","start":11714.821,"end":11715.318},{"text":"on","start":11715.318,"end":11715.446},{"text":"the","start":11715.479,"end":11715.559},{"text":"4","start":11715.559,"end":11715.816},{"text":"things:","start":11715.816,"end":11716.169},{"text":"youth,","start":11716.586,"end":11716.891},{"text":"SMEs,","start":11717.5,"end":11717.966},{"text":"government,","start":11718.511,"end":11719.089},{"text":"and","start":11719.153,"end":11719.314},{"text":"also","start":11719.314,"end":11719.635},{"text":"investors.","start":11719.811,"end":11720.261}]}]}],"speaker":{"name":"Higwe Masadiki","affiliation":"RWA","affiliation_full":"Rwanda","group":null,"function":null}}],"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Several speakers argued that climate finance for Africa should be treated as a matter of justice, not charity, because the continent contributes little to global emissions but faces severe impacts. They called for more grant and concessional finance, stronger support for adaptation, and investment in resilience and green industrialization."},{"key":"youth-employment","label":"Youth Employment","description":"A central issue was how to create millions of decent, quality jobs for Africa’s rapidly growing youth population. Speakers linked employment to skills, enterprise growth, labor-market access, and the need for scalable solutions rather than small pilot projects."},{"key":"digital-innovation","label":"Digital Innovation and AI","description":"Digital transformation emerged as an important driver of productivity, services, and future employment, including artificial intelligence, fintech, e-commerce, and digital public infrastructure. 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Discussion covered debt distress, unfair borrowing costs, limited representation in global decision-making, and the need for stronger African agency in shaping financial rules."},{"key":"regional-value-chains","label":"Regional Value Chains and AfCFTA","description":"The African Continental Free Trade Area was repeatedly presented as a major opportunity to expand intra-African trade and build regional value chains. Participants connected AfCFTA to industrial growth, larger markets, cross-border investment, and job creation across the continent."},{"key":"industrialization-value-addition","label":"Industrialization and Value Addition","description":"Speakers emphasized that Africa cannot achieve transformation by exporting raw commodities and importing finished goods. They highlighted industrialization, local processing, manufacturing, and value addition in sectors such as agriculture, minerals, and pharmaceuticals as pathways to jobs and competitiveness."}]}}