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Development finance, debt and the SDGs · at 11 min
They must become fair, transparent, accountable and focused on their mandates. Voting quotas in financial institutions must reflect the demographic and economic realities of the 21st century, rather than the post-war balance of power. The use of these organisations for political purposes must be nipped in the bud. This also applies to the International Labour Organization.
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Education, science and culture
Mr. President, Africa has the youngest population on Earth. That is an extraordinary asset if we invest in it. But what is a demographic dividend today can become a demographic crisis tomorrow if opportunity does not keep pace with aspiration. Youth unemployment remains one of the most urgent challenges of our time. Managing it is a shared responsibility. Botswana calls upon the United Nations Development Programme, the International Labour Organization, and all relevant multilateral institutions to make technology transfer, skills development, and capacity building funded priorities. As we will all agree, the credibility of our multilateral commitments will be properly tested in development finance. When countries have the means to invest in their people, and when international institutions respond effectively to shared threats, trust is strengthened.
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This strategic canal for the free world, once again, is suffering the consequences of climate change. This is something that is a real paradox because we are a carbon-negative country and one of the very few carbon-negative countries in the world, but this does not mean that we don't have to face strong droughts followed by heavy rain that causes flooding. This leads us to a reflection that is, there's a lot of support for nations that assume the objective of decarbonization, but the fact is that we don't benefit from any type of economic aid, despite the fact that we remove more carbon from the world than we produce. So it will be the Panama Canal itself that grew under Panamanian hands and that saw billions of dollars of investments to build the Rio Indio project. This is going to be a reservoir of water to ensure that the canal can continue to be used and provide more predictability to international trade and water supply to hundreds of thousands of citizens. This is an endeavor of the United Nations to support responsible projects, both socially and environmentally, that represent real progress for our countries. It's fundamental not to give in to pressure from organizations that seek extortion under the coverage of social struggles and seek cover in international organizations such as the ILO, for example. Distinguished delegates, Panama is a global leader in the conservation of biodiversity and cultural legacy as a basis for our sustainable development.
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The governance of strategic resources ought to be an issue of peace, development, and global security from now on. The energy transition, the electrification of transport, energy storage, as well as the expansion of digital and AI infrastructure are accelerating demand for copper, cobalt, lithium, nickel, and other critical minerals. As the largest global producer of cobalt and a major copper-producing power, the DRC is at the heart of this transformation. Congolese cobalt is already being used in batteries, power grids, digital equipment, and technologies that are crucial for the decarbonization of the global economy. It would be both unjust and dangerous for added value, jobs, know-how, and technologies to remain concentrated far away from the communities that are making these changes possible. We cannot build a decarbonized economy through blood-stained minerals. And we will not bring about a just transition by reproducing a greenwashed version of our past dependencies. The DRC, therefore, rejects the old model that limits producer countries to crude extraction while processing, research, technology, and the bulk of the profits are concentrated elsewhere. Our ambition is clear. We no longer wish to be simply the basement of the world's economy. We plan to become a workshop, a laboratory, and a sovereign partner. We'd like to process more cobalt and copper on our territory, develop precursors for batteries and industrial components, train our engineers, support our researchers, and include our enterprises in global value chains. We'd like to build, together with our African and international partners, competitive regional businesses that create jobs, skills, and shared prosperity. This ambition, first and foremost, entails taking up our own responsibilities. The DRC is pursuing the modernization of mining governance through the transparency of contracts, extractive revenue, and effective beneficiaries, improving mining registries, the deployment of traceability mechanisms, and the fight against fraud. We're also accelerating the formalization of small-scale mining, the regulation of traders, organization of cooperatives, and by securing exploitation zones. The battle against child labor in mines, in this regard, is a moral and national obligation. Together with the International Labor Organization, UNICEF, and our other partners, we are strengthening our identification, monitoring, and remediation mechanisms, as well as the training of our inspectors, school attendance of children, and economic solutions for their families. Our goal is unambiguous. We need to achieve zero children in the mines. This responsibility is one that lies with the Congolese state, but it also involves businesses, traders, refiners, manufacturers, financial institutions, and destination markets. The real proof of a responsible supply chain is not the electric vehicle sold downstream. It is the child who no longer descends into the mines upstream. That is why the DRC proposes creating, under UN auspices and together with the African Union, as well as producer, processor, and consumer countries, a global framework for just, traceable, and resilient critical mineral value chains. Based upon the sovereignty of producer states, it ought to guarantee traceability of minerals, responsibility of economic actors, protection of workers and communities, as well as a more equitable sharing of added value thanks to local processing and technology transfer. The corridor of Lobito ought to become one of the tools to further this ambition. We commend the commitment of Angola, Zambia, the USA, the European Union, the African Development Bank, financial institutions, and the private sector to promote its implementation.
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Globy