During a meeting of the United Nations Economic Commission for Africa (ECA) on Tuesday, experts and policymakers warned that unless innovative development models are adopted, persistent poverty and inequality will continue to jeopardize peace, prosperity, and security in Africa.
This high-level meeting organized by the ECA in Addis Ababa was aimed at helping continental countries to reduce their economic and social vulnerabilities and inequalities.
In this regard, the ECA Deputy Executive Secretary and Chief Economist said it is difficult for African states to achieve many of the targets set in the Sustainable Development Goals (SDGs) by 2030.
She called for sustainable interventions that can cushion the global shocks that have undermined the continent’s two decades of progress in poverty reduction.
The financial policies of some African countries have been affected by the new coronavirus pandemic, the geopolitical crisis, and climate disasters.
For his part, ECA’s acting Executive Secretary, Antonio Pedro, said partnerships are key to meeting Africa’s challenges.