Egypt Urges Overhaul of Global Financial System

Egyptian President Abdel-Fattah al-Sisi has called for a restructuring of the global financial system and greater involvement of developing countries in economic decision-making processes.

In a virtual address at the UN event “Global Call on the Summit of the Future” on Thursday, Sisi emphasized the need for reform amid escalating international political and economic crises, with a particular focus on the situation in the Middle East, according to Xinhua news agency.

He highlighted the importance of strengthening the United Nations’ role in international economic governance to improve access to essential funding for the Global South. Sisi also addressed global food security issues, urging increased efforts to combat poverty and hunger.

Additionally, he stressed the necessity of international cooperation to ensure universal access to water and the effective management of cross-border rivers, advocating for international law to prevent conflicts and protect all countries involved.