1 00:00:35,834 --> 00:00:36,733 Well, good morning, everybody 2 00:00:36,733 --> 00:00:38,899 Well, good morning, everybody or good afternoon wherever you 3 00:00:38,899 --> 00:00:42,267 or good afternoon wherever you are in the world. Um we’re very 4 00:00:42,267 --> 00:00:44,533 are in the world. Um we’re very happy today to be looking at 5 00:00:44,533 --> 00:00:46,834 happy today to be looking at this crucial topic of the 6 00:00:46,834 --> 00:00:50,767 this crucial topic of the economic recovery after 7 00:00:50,767 --> 00:00:52,967 economic recovery after nineteen my name is mud. I’m a 8 00:00:52,967 --> 00:00:57,100 nineteen my name is mud. I’m a senior fellow I stick together 9 00:00:57,100 --> 00:01:02,933 senior fellow I stick together at Google and uh we have uh as 10 00:01:02,933 --> 00:01:05,699 at Google and uh we have uh as uh likes to say fantastic panel 11 00:01:05,699 --> 00:01:09,466 uh likes to say fantastic panel uh today. today uh to. This uh 12 00:01:09,466 --> 00:01:12,266 uh today. today uh to. This uh very important question we will 13 00:01:12,266 --> 00:01:15,634 very important question we will begin with the President Ellen 14 00:01:15,634 --> 00:01:19,633 begin with the President Ellen Johnson um who will deliver a 15 00:01:19,633 --> 00:01:24,367 Johnson um who will deliver a keynote speech and uh followed 16 00:01:24,367 --> 00:01:27,767 keynote speech and uh followed by uh Ghana who is vice 17 00:01:27,767 --> 00:01:29,834 by uh Ghana who is vice president of the World Bank and 18 00:01:29,834 --> 00:01:32,300 president of the World Bank and clearly one of the most 19 00:01:32,300 --> 00:01:35,867 clearly one of the most knowledgeable people on the 20 00:01:35,867 --> 00:01:37,967 knowledgeable people on the development issues in Africa. 21 00:01:37,967 --> 00:01:40,967 development issues in Africa. uh. 22 00:02:13,334 --> 00:02:17,334 And commission uh we really 23 00:02:17,334 --> 00:02:19,800 And commission uh we really couldn’t imagine a better group 24 00:02:19,800 --> 00:02:22,666 couldn’t imagine a better group of people to deal with this uh 25 00:02:22,666 --> 00:02:25,401 of people to deal with this uh very complicated issue of the 26 00:02:25,401 --> 00:02:27,767 very complicated issue of the implications of coverage for 27 00:02:27,767 --> 00:02:30,700 implications of coverage for athlete and without further ado 28 00:02:30,700 --> 00:02:33,033 athlete and without further ado Alaska Ellen Johnson to kick 29 00:02:33,033 --> 00:02:35,034 Alaska Ellen Johnson to kick this off, Please man have 30 00:02:35,034 --> 00:02:40,866 this off, Please man have president. Thank you. 31 00:02:42,333 --> 00:02:47,033 Uh we cannot hear you. 32 00:02:50,834 --> 00:02:54,733 Okay. Thank you. Good afternoon 33 00:02:54,733 --> 00:02:57,433 Okay. Thank you. Good afternoon Good morning Good evening 34 00:02:57,433 --> 00:02:59,900 Good morning Good evening wherever you are. It’s a great 35 00:02:59,900 --> 00:03:02,867 wherever you are. It’s a great pleasure to join you today. At 36 00:03:02,867 --> 00:03:07,833 pleasure to join you today. At the start of 2019, Africa was 37 00:03:07,833 --> 00:03:11,034 the start of 2019, Africa was hailed as the rising continent. 38 00:03:11,034 --> 00:03:12,367 hailed as the rising continent. This dominant view was 39 00:03:12,367 --> 00:03:14,699 This dominant view was undisturbed by the Ebola 40 00:03:14,699 --> 00:03:17,634 undisturbed by the Ebola outbreak in West Africa and 41 00:03:17,634 --> 00:03:21,367 outbreak in West Africa and acts of terrorism in the 42 00:03:21,367 --> 00:03:24,199 acts of terrorism in the decades of political and 43 00:03:24,199 --> 00:03:26,600 decades of political and economic transformations. Move 44 00:03:26,600 --> 00:03:28,533 economic transformations. Move Africa from the perception of a 45 00:03:28,533 --> 00:03:31,533 Africa from the perception of a big man or bureaucracy. to 46 00:03:31,533 --> 00:03:33,733 big man or bureaucracy. to improving. Of participatory 47 00:03:33,733 --> 00:03:37,367 improving. Of participatory democracy resulting in changes 48 00:03:37,367 --> 00:03:39,867 democracy resulting in changes in long held perceptions 49 00:03:39,867 --> 00:03:41,767 in long held perceptions defined by the democratic 50 00:03:41,767 --> 00:03:43,933 defined by the democratic dividends of a young and 51 00:03:43,933 --> 00:03:47,066 dividends of a young and technologically savvy 52 00:03:47,066 --> 00:03:48,267 technologically savvy population. Africa was guided 53 00:03:48,267 --> 00:03:51,866 population. Africa was guided as a young continent of the 54 00:03:51,866 --> 00:03:53,333 as a young continent of the future, according to the United 55 00:03:53,333 --> 00:03:55,000 future, according to the United Nations World economic 56 00:03:55,000 --> 00:03:57,434 Nations World economic situation and prospects of 57 00:03:57,434 --> 00:03:59,034 situation and prospects of Twenty-nineteen Africa’s GDP 58 00:03:59,034 --> 00:04:01,267 Twenty-nineteen Africa’s GDP was projected to increase 59 00:04:01,267 --> 00:04:07,000 was projected to increase likely over the 3.2% of 2018. 60 00:04:35,701 --> 00:04:37,967 Several countries exceeded the 61 00:04:37,967 --> 00:04:40,899 Several countries exceeded the continental average it 62 00:04:40,899 --> 00:04:41,666 continental average it testament to the growing 63 00:04:41,666 --> 00:04:43,467 testament to the growing expansion in the quality of 64 00:04:43,467 --> 00:04:45,967 expansion in the quality of democratic governance across 65 00:04:45,967 --> 00:04:47,767 democratic governance across the continent, considered a 66 00:04:47,767 --> 00:04:51,233 the continent, considered a spot in the past, similarly 67 00:04:51,233 --> 00:04:52,300 spot in the past, similarly several African countries 68 00:04:52,300 --> 00:04:54,267 several African countries called higher than the average 69 00:04:54,267 --> 00:04:56,899 called higher than the average fifty or a possible 100 in 70 00:04:56,899 --> 00:04:59,467 fifty or a possible 100 in business regulatory environment 71 00:04:59,467 --> 00:05:01,666 business regulatory environment and absence of restriction on 72 00:05:01,666 --> 00:05:03,100 and absence of restriction on foreign investment. This 73 00:05:03,100 --> 00:05:06,833 foreign investment. This provide a. Of a move from 74 00:05:06,833 --> 00:05:09,267 provide a. Of a move from public to private investment as 75 00:05:09,267 --> 00:05:12,467 public to private investment as a catalyst for economic growth 76 00:05:12,467 --> 00:05:14,000 a catalyst for economic growth as an indication of democratic 77 00:05:14,000 --> 00:05:17,400 as an indication of democratic and global trends access to 78 00:05:17,400 --> 00:05:18,934 and global trends access to technology in Africa was 79 00:05:18,934 --> 00:05:21,967 technology in Africa was growing as an astonishing pace 80 00:05:21,967 --> 00:05:23,767 growing as an astonishing pace such called the Conni 81 00:05:23,767 --> 00:05:25,767 such called the Conni represents a new opportunity 82 00:05:25,767 --> 00:05:28,434 represents a new opportunity for education, health and 83 00:05:28,434 --> 00:05:31,067 for education, health and access to employment across the 84 00:05:31,067 --> 00:05:32,967 access to employment across the continent in the global 85 00:05:32,967 --> 00:05:37,267 continent in the global community. Arguably Africa’s 86 00:05:37,267 --> 00:05:40,233 community. Arguably Africa’s progress was equally matched by 87 00:05:40,233 --> 00:05:44,367 progress was equally matched by challenges African youth 75% of 88 00:05:44,367 --> 00:05:47,600 challenges African youth 75% of the population of 1.3000000000 89 00:05:47,600 --> 00:05:49,967 the population of 1.3000000000 faced a bleak future due to the 90 00:05:49,967 --> 00:05:52,434 faced a bleak future due to the effects of rising population 91 00:05:52,434 --> 00:05:55,700 effects of rising population and declining job opportunities 92 00:05:55,700 --> 00:05:58,800 and declining job opportunities this in turn risks undermining 93 00:05:58,800 --> 00:06:01,299 this in turn risks undermining the peace and stability that 94 00:06:01,299 --> 00:06:03,466 the peace and stability that has prevailed many African 95 00:06:03,466 --> 00:06:06,700 has prevailed many African countries. 96 00:06:39,366 --> 00:06:41,700 Partnerships to foster 97 00:06:41,700 --> 00:06:43,267 Partnerships to foster development that determine goal 98 00:06:43,267 --> 00:06:45,833 development that determine goal is to deepen efforts toward 99 00:06:45,833 --> 00:06:47,700 is to deepen efforts toward breaking the chains of 100 00:06:47,700 --> 00:06:49,734 breaking the chains of dependency and fostering the 101 00:06:49,734 --> 00:06:51,367 dependency and fostering the continent and development 102 00:06:51,367 --> 00:06:52,000 continent and development through sustainable self 103 00:06:52,000 --> 00:06:55,234 through sustainable self efforts and a proper management 104 00:06:55,234 --> 00:06:57,033 efforts and a proper management and protection of national 105 00:06:57,033 --> 00:07:00,367 and protection of national assets. So far, I have spoken 106 00:07:00,367 --> 00:07:02,667 assets. So far, I have spoken of Africa’s potentials 107 00:07:02,667 --> 00:07:04,334 of Africa’s potentials projections were employing past 108 00:07:04,334 --> 00:07:09,300 projections were employing past tense. This is because in 109 00:07:09,300 --> 00:07:13,299 tense. This is because in twenty 2019 presented the world 110 00:07:13,299 --> 00:07:16,466 twenty 2019 presented the world and Africa with a new reality 111 00:07:16,466 --> 00:07:20,900 and Africa with a new reality one We are yet to fully 112 00:07:20,900 --> 00:07:23,699 one We are yet to fully understand and determine this 113 00:07:23,699 --> 00:07:24,367 understand and determine this pandemic presents 114 00:07:24,367 --> 00:07:27,500 pandemic presents Multidimensional challenges 115 00:07:27,500 --> 00:07:31,034 Multidimensional challenges globally and risk. 116 00:08:02,299 --> 00:08:06,000 Battles of trades are affected 117 00:08:06,000 --> 00:08:08,133 Battles of trades are affected as exports required to fund the 118 00:08:08,133 --> 00:08:09,000 as exports required to fund the imports for the national 119 00:08:09,000 --> 00:08:11,334 imports for the national consumption are being 120 00:08:11,334 --> 00:08:14,434 consumption are being streamlined or shut down from 121 00:08:14,434 --> 00:08:17,666 streamlined or shut down from all production to manufacturing 122 00:08:17,666 --> 00:08:20,700 all production to manufacturing and retail distribution 123 00:08:20,700 --> 00:08:23,301 and retail distribution previously thriving industries 124 00:08:23,301 --> 00:08:25,801 previously thriving industries and businesses are withing 125 00:08:25,801 --> 00:08:29,000 and businesses are withing under the effects of nineteen 126 00:08:29,000 --> 00:08:30,434 under the effects of nineteen Cheyenne economists are falling 127 00:08:30,434 --> 00:08:34,833 Cheyenne economists are falling into recession as. Especially 128 00:08:34,833 --> 00:08:38,566 into recession as. Especially those still trying to recover 129 00:08:38,566 --> 00:08:40,833 those still trying to recover from the economic and social 130 00:08:40,833 --> 00:08:43,699 from the economic and social fallout of Ebola face even 131 00:08:43,699 --> 00:08:47,733 fallout of Ebola face even deeper challenges and 132 00:08:47,733 --> 00:08:49,334 deeper challenges and adversities economically to 133 00:08:49,334 --> 00:08:52,767 adversities economically to press communities already over 134 00:08:52,767 --> 00:08:56,867 press communities already over burdened with unemployment and 135 00:08:56,867 --> 00:08:58,467 burdened with unemployment and insecurities are enduring even 136 00:08:58,467 --> 00:09:00,434 insecurities are enduring even more job lessons and reduction 137 00:09:00,434 --> 00:09:04,300 more job lessons and reduction in incomes in desperate. To 138 00:09:04,300 --> 00:09:07,033 in incomes in desperate. To meet response measures many of 139 00:09:07,033 --> 00:09:08,367 meet response measures many of these countries are trying to 140 00:09:08,367 --> 00:09:11,734 these countries are trying to escalate to resist human rights 141 00:09:11,734 --> 00:09:14,500 escalate to resist human rights abuses, which they must as they 142 00:09:14,500 --> 00:09:17,200 abuses, which they must as they face the imposed conditions of 143 00:09:17,200 --> 00:09:18,866 face the imposed conditions of isolation, contractions and 144 00:09:18,866 --> 00:09:21,299 isolation, contractions and restrictions on the ability to 145 00:09:21,299 --> 00:09:22,733 restrictions on the ability to respond to the daunting 146 00:09:22,733 --> 00:09:26,600 respond to the daunting challenges of Quebec Africa 147 00:09:26,600 --> 00:09:27,467 challenges of Quebec Africa appears to have managed to 148 00:09:27,467 --> 00:09:29,467 appears to have managed to spread of the virus on a count 149 00:09:29,467 --> 00:09:31,534 spread of the virus on a count of time measures preventive 150 00:09:31,534 --> 00:09:35,766 of time measures preventive policies. And effective 151 00:09:35,766 --> 00:09:38,867 policies. And effective responses and in some countries 152 00:09:38,867 --> 00:09:40,334 responses and in some countries to experiences clean from 153 00:09:40,334 --> 00:09:41,700 to experiences clean from successfully managing other 154 00:09:41,700 --> 00:09:45,399 successfully managing other outbreaks such as Ebola Africa 155 00:09:45,399 --> 00:09:48,200 outbreaks such as Ebola Africa is still reporting over 156 00:09:48,200 --> 00:09:49,900 is still reporting over 1.2000000 confirmed infections, 157 00:09:49,900 --> 00:09:52,400 1.2000000 confirmed infections, which are predicted to increase 158 00:09:52,400 --> 00:09:55,000 which are predicted to increase on account of reopening to 159 00:09:55,000 --> 00:09:58,600 on account of reopening to normal conditions in many 160 00:09:58,600 --> 00:10:00,766 normal conditions in many countries, however, for many 161 00:10:00,766 --> 00:10:05,233 countries, however, for many countries the economic. In the 162 00:10:05,233 --> 00:10:08,900 countries the economic. In the next two to 3 years attire, 163 00:10:08,900 --> 00:10:12,933 next two to 3 years attire, this is due to the decline in 164 00:10:12,933 --> 00:10:16,733 this is due to the decline in growth debt sustainability 165 00:10:16,733 --> 00:10:18,467 growth debt sustainability employment, domestic production 166 00:10:18,467 --> 00:10:22,367 employment, domestic production and revenues the prevailing 167 00:10:22,367 --> 00:10:26,201 and revenues the prevailing global complexities 168 00:10:26,201 --> 00:10:27,534 global complexities uncertainties shifts in 169 00:10:27,534 --> 00:10:30,366 uncertainties shifts in priorities and leadership only 170 00:10:30,366 --> 00:10:33,233 priorities and leadership only serve to worsen the already 171 00:10:33,233 --> 00:10:36,834 serve to worsen the already difficult situation. situation. 172 00:10:36,834 --> 00:10:37,933 difficult situation. situation. Mitigating policies and 173 00:10:37,933 --> 00:10:40,900 Mitigating policies and determined actions can change 174 00:10:40,900 --> 00:10:43,934 determined actions can change the situation and put Africa 175 00:10:43,934 --> 00:10:47,200 the situation and put Africa back on track Of course in this 176 00:10:47,200 --> 00:10:48,600 back on track Of course in this regard the primary 177 00:10:48,600 --> 00:10:51,400 regard the primary responsibility rests with 178 00:10:51,400 --> 00:10:53,900 responsibility rests with Africans themselves African 179 00:10:53,900 --> 00:10:59,300 Africans themselves African leaders civil society actors 180 00:10:59,300 --> 00:11:01,967 leaders civil society actors entrepreneurs and the African 181 00:11:01,967 --> 00:11:03,467 entrepreneurs and the African people the absolute priority 182 00:11:03,467 --> 00:11:06,733 people the absolute priority must be to bring covid-nineteen 183 00:11:06,733 --> 00:11:09,033 must be to bring covid-nineteen to an end globally through the 184 00:11:09,033 --> 00:11:11,467 to an end globally through the obs. Of the appropriate 185 00:11:11,467 --> 00:11:15,199 obs. Of the appropriate response measures and an 186 00:11:15,199 --> 00:11:18,666 response measures and an outreach of needy support first 187 00:11:18,666 --> 00:11:21,734 outreach of needy support first Liberian need Liberians leaders 188 00:11:21,734 --> 00:11:24,567 Liberian need Liberians leaders need to ensure the economics 189 00:11:24,567 --> 00:11:27,433 need to ensure the economics toms is used to meet the 190 00:11:27,433 --> 00:11:30,900 toms is used to meet the humanitarian needs of the most 191 00:11:30,900 --> 00:11:33,733 humanitarian needs of the most vulnerable in the society. This 192 00:11:33,733 --> 00:11:35,600 vulnerable in the society. This support must also extend to 193 00:11:35,600 --> 00:11:37,300 support must also extend to small and medium-sized 194 00:11:37,300 --> 00:11:40,500 small and medium-sized businesses. that are the. For 195 00:11:40,500 --> 00:11:44,333 businesses. that are the. For quick creation and income 196 00:11:44,333 --> 00:11:46,000 quick creation and income generation second partnerships 197 00:11:46,000 --> 00:11:48,399 generation second partnerships with the private sector must be 198 00:11:48,399 --> 00:11:50,833 with the private sector must be adopted to ensure changes in 199 00:11:50,833 --> 00:11:52,633 adopted to ensure changes in policies that are aimed at 200 00:11:52,633 --> 00:11:56,333 policies that are aimed at stimulating growth. This merry 201 00:11:56,333 --> 00:12:00,367 stimulating growth. This merry requires structural changes in 202 00:12:00,367 --> 00:12:02,700 requires structural changes in policies such as shifting of 203 00:12:02,700 --> 00:12:04,767 policies such as shifting of economic services from 204 00:12:04,767 --> 00:12:07,267 economic services from State-owned enterprises with 205 00:12:07,267 --> 00:12:09,567 State-owned enterprises with evidence of waste. waste to 206 00:12:09,567 --> 00:12:13,301 evidence of waste. waste to more. In a comfortable private 207 00:12:13,301 --> 00:12:15,966 more. In a comfortable private sector management moving 208 00:12:15,966 --> 00:12:17,900 sector management moving services from the public to 209 00:12:17,900 --> 00:12:22,367 services from the public to private sector was for 210 00:12:22,367 --> 00:12:25,801 private sector was for innovation entrepreneurship 211 00:12:25,801 --> 00:12:27,200 innovation entrepreneurship competition improvement in 212 00:12:27,200 --> 00:12:30,333 competition improvement in service delivery delivery and 213 00:12:30,333 --> 00:12:31,567 service delivery delivery and increase accountability and 214 00:12:31,567 --> 00:12:33,899 increase accountability and transparency which I needed at 215 00:12:33,899 --> 00:12:35,833 transparency which I needed at the time of scarcity in 216 00:12:35,833 --> 00:12:38,599 the time of scarcity in available resources, the direct 217 00:12:38,599 --> 00:12:39,900 available resources, the direct involvement of civil society 218 00:12:39,900 --> 00:12:42,567 involvement of civil society and the people will be crucial 219 00:12:42,567 --> 00:12:47,033 and the people will be crucial it. To achieve public bins and 220 00:12:47,033 --> 00:12:48,901 it. To achieve public bins and support for the successful and 221 00:12:48,901 --> 00:12:50,699 support for the successful and sustainable implementation of 222 00:12:50,699 --> 00:12:54,701 sustainable implementation of policies more importantly, 223 00:12:54,701 --> 00:12:57,167 policies more importantly, inclusion will guarantee peace 224 00:12:57,167 --> 00:13:00,334 inclusion will guarantee peace and security of countries all 225 00:13:00,334 --> 00:13:04,167 and security of countries all of these prescriptions are 226 00:13:04,167 --> 00:13:07,200 of these prescriptions are necessary and yet insufficient 227 00:13:07,200 --> 00:13:09,867 necessary and yet insufficient to succeed, they must be 228 00:13:09,867 --> 00:13:11,333 to succeed, they must be transparency and accountable 229 00:13:11,333 --> 00:13:16,167 transparency and accountable governance through legitimate. 230 00:14:46,867 --> 00:14:50,433 And fragile state are not 231 00:14:50,433 --> 00:14:53,500 And fragile state are not tragically left behind Africa 232 00:14:53,500 --> 00:14:57,133 tragically left behind Africa owned and resident institutions 233 00:14:57,133 --> 00:14:59,767 owned and resident institutions must be called upon to play 234 00:14:59,767 --> 00:15:02,466 must be called upon to play major and leading roles in the 235 00:15:02,466 --> 00:15:06,766 major and leading roles in the recovery process The continents 236 00:15:06,766 --> 00:15:09,099 recovery process The continents financial institution the 237 00:15:09,099 --> 00:15:10,966 financial institution the African Development Bank has 238 00:15:10,966 --> 00:15:13,967 African Development Bank has been a group catalyst through 239 00:15:13,967 --> 00:15:18,333 been a group catalyst through his five. Operation of 240 00:15:18,333 --> 00:15:22,867 his five. Operation of Priorities The FB was therefore 241 00:15:22,867 --> 00:15:27,867 Priorities The FB was therefore also readjust and realigned 242 00:15:27,867 --> 00:15:29,134 also readjust and realigned priorities in the interest of 243 00:15:29,134 --> 00:15:32,300 priorities in the interest of equity for the lower-income 244 00:15:32,300 --> 00:15:35,701 equity for the lower-income countries while prioritizing 245 00:15:35,701 --> 00:15:38,233 countries while prioritizing support with specificity in 246 00:15:38,233 --> 00:15:40,300 support with specificity in alignments with national 247 00:15:40,300 --> 00:15:42,767 alignments with national agendas. departing from 248 00:15:42,767 --> 00:15:44,566 agendas. departing from practices of the past 249 00:15:44,566 --> 00:15:47,699 practices of the past partnership. Support for the 250 00:15:47,699 --> 00:15:49,300 partnership. Support for the positive building and 251 00:15:49,300 --> 00:15:52,733 positive building and participation of Africa in 252 00:15:52,733 --> 00:15:54,800 participation of Africa in Non-governmental research and 253 00:15:54,800 --> 00:15:56,734 Non-governmental research and professional institutions must 254 00:15:56,734 --> 00:15:58,533 professional institutions must seek to provide the resources 255 00:15:58,533 --> 00:16:01,267 seek to provide the resources and the opportunities that 256 00:16:01,267 --> 00:16:04,633 and the opportunities that enable these national and 257 00:16:04,633 --> 00:16:06,399 enable these national and domestic institution to develop 258 00:16:06,399 --> 00:16:07,966 domestic institution to develop into first-class entities that 259 00:16:07,966 --> 00:16:10,834 into first-class entities that can deliver competitive 260 00:16:10,834 --> 00:16:13,099 can deliver competitive services at outstanding 261 00:16:13,099 --> 00:16:15,867 services at outstanding results. This will ensure. 262 00:16:15,867 --> 00:16:17,166 results. This will ensure. Effective implementation and 263 00:16:17,166 --> 00:16:18,733 Effective implementation and sustainability of national 264 00:16:18,733 --> 00:16:22,634 sustainability of national programs and projects simply 265 00:16:22,634 --> 00:16:26,233 programs and projects simply put the future of Africa must 266 00:16:26,233 --> 00:16:30,567 put the future of Africa must be driven by Africans. This is 267 00:16:30,567 --> 00:16:33,167 be driven by Africans. This is why I call for support for the 268 00:16:33,167 --> 00:16:35,966 why I call for support for the Center of Disease Control to 269 00:16:35,966 --> 00:16:36,533 Center of Disease Control to join world scientists in a 270 00:16:36,533 --> 00:16:40,400 join world scientists in a development of VS. I also call 271 00:16:40,400 --> 00:16:42,333 development of VS. I also call for support for the African 272 00:16:42,333 --> 00:16:43,700 for support for the African Center for economic 273 00:16:43,700 --> 00:16:44,566 Center for economic transformation to take the 274 00:16:44,566 --> 00:16:47,667 transformation to take the lead. 275 00:16:50,833 --> 00:16:53,333 This to it, why why I raised my 276 00:16:53,333 --> 00:16:56,266 This to it, why why I raised my voice in a call for support for 277 00:16:56,266 --> 00:16:57,299 voice in a call for support for national institutions of 278 00:16:57,299 --> 00:16:59,867 national institutions of research and analysis at think 279 00:16:59,867 --> 00:17:04,433 research and analysis at think tanks of Africa. Worried about 280 00:17:04,433 --> 00:17:07,667 tanks of Africa. Worried about social media technology has 281 00:17:07,667 --> 00:17:09,433 social media technology has made it possible for events in 282 00:17:09,433 --> 00:17:11,000 made it possible for events in the public space and sometimes 283 00:17:11,000 --> 00:17:13,500 the public space and sometimes in the private as well to 284 00:17:13,500 --> 00:17:15,700 in the private as well to become affordable for public 285 00:17:15,700 --> 00:17:18,900 become affordable for public discourse, no doubt the many 286 00:17:18,900 --> 00:17:20,467 discourse, no doubt the many platforms of social media has 287 00:17:20,467 --> 00:17:23,667 platforms of social media has changed the world providing 288 00:17:23,667 --> 00:17:25,300 changed the world providing important empowering tools 289 00:17:25,300 --> 00:17:26,700 important empowering tools enhancing freedoms and 290 00:17:26,700 --> 00:17:28,500 enhancing freedoms and guaranteeing expressions. We 291 00:17:28,500 --> 00:17:30,733 guaranteeing expressions. We have seen this tool used by 292 00:17:30,733 --> 00:17:35,700 have seen this tool used by civil society and the media to. 293 00:18:03,900 --> 00:18:05,334 Found to avoid misleading the 294 00:18:05,334 --> 00:18:08,301 Found to avoid misleading the public, especially in a health 295 00:18:08,301 --> 00:18:10,767 public, especially in a health crisis so as not to further we 296 00:18:10,767 --> 00:18:13,000 crisis so as not to further we we can national effort at 297 00:18:13,000 --> 00:18:15,233 we can national effort at recovery and undermine the 298 00:18:15,233 --> 00:18:17,333 recovery and undermine the security of state facing 299 00:18:17,333 --> 00:18:18,766 security of state facing grappling real tricks of 300 00:18:18,766 --> 00:18:22,500 grappling real tricks of instability insecurity and even 301 00:18:22,500 --> 00:18:25,367 instability insecurity and even terrorism. one last word on 302 00:18:25,367 --> 00:18:29,167 terrorism. one last word on Africa the change in global 303 00:18:29,167 --> 00:18:31,966 Africa the change in global leadership, pros and politics 304 00:18:31,966 --> 00:18:36,733 leadership, pros and politics may. Have lasting political and 305 00:18:36,733 --> 00:18:40,734 may. Have lasting political and economic effects on Africa 306 00:18:40,734 --> 00:18:43,233 economic effects on Africa while these changes realign and 307 00:18:43,233 --> 00:18:45,866 while these changes realign and offset priorities of 308 00:18:45,866 --> 00:18:48,733 offset priorities of multilateral freedom and 309 00:18:48,733 --> 00:18:51,333 multilateral freedom and democracy, they were 310 00:18:51,333 --> 00:18:55,467 democracy, they were corresponding take on rebound 311 00:18:55,467 --> 00:18:59,300 corresponding take on rebound on Africa. Africa after all, 312 00:18:59,300 --> 00:19:02,367 on Africa. Africa after all, it’s a member of the global 313 00:19:02,367 --> 00:19:04,500 it’s a member of the global community, global values and 314 00:19:04,500 --> 00:19:08,333 community, global values and priorities priorities, 315 00:19:08,333 --> 00:19:08,933 priorities priorities, understandably influence 316 00:19:08,933 --> 00:19:12,267 understandably influence Africa’s values and priorities 317 00:19:12,267 --> 00:19:13,967 Africa’s values and priorities these values and support have 318 00:19:13,967 --> 00:19:16,967 these values and support have been critical for Africa’s 319 00:19:16,967 --> 00:19:22,366 been critical for Africa’s performance today. The defining 320 00:19:22,366 --> 00:19:25,400 performance today. The defining future successes let me know 321 00:19:25,400 --> 00:19:26,500 future successes let me know use the opportunity of this 322 00:19:26,500 --> 00:19:27,900 use the opportunity of this event to offer a personal 323 00:19:27,900 --> 00:19:30,299 event to offer a personal perspective on the effect of 324 00:19:30,299 --> 00:19:34,399 perspective on the effect of Corona virus in Africa in the 325 00:19:34,399 --> 00:19:36,266 Corona virus in Africa in the world. Nineteen has slipped 326 00:19:36,266 --> 00:19:38,167 world. Nineteen has slipped across the security of 327 00:19:38,167 --> 00:19:42,267 across the security of boundaries and borders to 328 00:19:42,267 --> 00:19:43,066 boundaries and borders to infect big and small countries 329 00:19:43,066 --> 00:19:46,533 infect big and small countries alike It is indiscriminate in 330 00:19:46,533 --> 00:19:48,366 alike It is indiscriminate in it’s painful and crippling 331 00:19:48,366 --> 00:19:53,300 it’s painful and crippling effects on lies and. The boots. 332 00:19:53,300 --> 00:19:58,433 effects on lies and. The boots. Indeed, frugal is your face May 333 00:19:58,433 --> 00:20:02,366 Indeed, frugal is your face May I offer a special thought to my 334 00:20:02,366 --> 00:20:05,566 I offer a special thought to my European friends last year at 335 00:20:05,566 --> 00:20:07,766 European friends last year at the close of Africa’s friends 336 00:20:07,766 --> 00:20:10,267 the close of Africa’s friends of Europe meeting in Brussels I 337 00:20:10,267 --> 00:20:12,967 of Europe meeting in Brussels I have the privilege of speaking 338 00:20:12,967 --> 00:20:15,266 have the privilege of speaking I would like to remind of some 339 00:20:15,266 --> 00:20:19,734 I would like to remind of some of what I said then today the 340 00:20:19,734 --> 00:20:21,633 of what I said then today the second World War witness a 341 00:20:21,633 --> 00:20:24,467 second World War witness a shift in willpower and 342 00:20:24,467 --> 00:20:28,667 shift in willpower and perception. Came to be removed 343 00:20:28,667 --> 00:20:31,734 perception. Came to be removed from the epicenter as the 344 00:20:31,734 --> 00:20:36,867 from the epicenter as the United States Russia and now 345 00:20:36,867 --> 00:20:39,067 United States Russia and now China and Asian nations of all 346 00:20:39,067 --> 00:20:42,367 China and Asian nations of all rise to claim important roles 347 00:20:42,367 --> 00:20:45,133 rise to claim important roles and places in economic and 348 00:20:45,133 --> 00:20:48,199 and places in economic and political 349 00:20:48,266 --> 00:20:50,300 considerations The next century 350 00:20:50,300 --> 00:20:53,399 considerations The next century will prove more challenging for 351 00:20:53,399 --> 00:20:57,267 will prove more challenging for Europe as well. Including those 352 00:20:57,267 --> 00:21:00,301 Europe as well. Including those that formed the core of 353 00:21:00,301 --> 00:21:02,833 that formed the core of European alliances are thriving 354 00:21:02,833 --> 00:21:08,299 European alliances are thriving toward nationalism populism and 355 00:21:08,299 --> 00:21:10,700 toward nationalism populism and isolation with growing 356 00:21:10,700 --> 00:21:14,699 isolation with growing consequential threats to 357 00:21:14,699 --> 00:21:17,201 consequential threats to freedom, democracy and 358 00:21:17,201 --> 00:21:22,667 freedom, democracy and multilateral Brexit is put one 359 00:21:22,667 --> 00:21:23,899 multilateral Brexit is put one example. What does all of this 360 00:21:23,899 --> 00:21:26,434 example. What does all of this mean and how will be reflected 361 00:21:26,434 --> 00:21:27,967 mean and how will be reflected in the historical and 362 00:21:27,967 --> 00:21:29,933 in the historical and perspective? Europe? Friendship 363 00:21:29,933 --> 00:21:32,467 perspective? Europe? Friendship and partnership I cannot 364 00:21:32,467 --> 00:21:34,733 and partnership I cannot pretend to have the answer so 365 00:21:34,733 --> 00:21:39,234 pretend to have the answer so fight it to say that Europe of 366 00:21:39,234 --> 00:21:40,733 fight it to say that Europe of today could not have been what 367 00:21:40,733 --> 00:21:44,800 today could not have been what it is without Africa, Europe 368 00:21:44,800 --> 00:21:48,100 it is without Africa, Europe still relies on Africa for raw 369 00:21:48,100 --> 00:21:51,800 still relies on Africa for raw materials minerals and for 370 00:21:51,800 --> 00:21:53,666 materials minerals and for cheaper production of goods 371 00:21:53,666 --> 00:21:56,867 cheaper production of goods even it’s advancement in 372 00:21:56,867 --> 00:21:59,967 even it’s advancement in technology relies on Africa’s 373 00:21:59,967 --> 00:22:03,234 technology relies on Africa’s resources Europe. Find new ways 374 00:22:03,234 --> 00:22:05,099 resources Europe. Find new ways to get and remain at the 375 00:22:05,099 --> 00:22:08,734 to get and remain at the forefront of innovation and 376 00:22:08,734 --> 00:22:11,800 forefront of innovation and technological development. This 377 00:22:11,800 --> 00:22:13,701 technological development. This means it must compete with 378 00:22:13,701 --> 00:22:16,999 means it must compete with other areas of the world Africa 379 00:22:16,999 --> 00:22:20,300 other areas of the world Africa offers possible solutions with 380 00:22:20,300 --> 00:22:22,400 offers possible solutions with Europe should welcome and love 381 00:22:22,400 --> 00:22:24,633 Europe should welcome and love to explore for example as 382 00:22:24,633 --> 00:22:28,333 to explore for example as Europe’s population ages it 383 00:22:28,333 --> 00:22:29,934 Europe’s population ages it needs the influx of young 384 00:22:29,934 --> 00:22:33,166 needs the influx of young people to replace the. So as to 385 00:22:33,166 --> 00:22:35,399 people to replace the. So as to increase the workforce and 386 00:22:35,399 --> 00:22:37,000 increase the workforce and bring those skills and ideas to 387 00:22:37,000 --> 00:22:39,433 bring those skills and ideas to the European market, please 388 00:22:39,433 --> 00:22:40,967 the European market, please note that my friendly 389 00:22:40,967 --> 00:22:43,234 note that my friendly admonition was a pronounced 390 00:22:43,234 --> 00:22:45,300 admonition was a pronounced association of the help Africa 391 00:22:45,300 --> 00:22:50,234 association of the help Africa wants from Europe rapper I have 392 00:22:50,234 --> 00:22:53,300 wants from Europe rapper I have offer small example of the help 393 00:22:53,300 --> 00:22:57,567 offer small example of the help that Africa can give to Europe. 394 00:22:57,567 --> 00:23:00,934 that Africa can give to Europe. There’s no doubt that euro 395 00:23:00,934 --> 00:23:02,533 There’s no doubt that euro currently provides help to 396 00:23:02,533 --> 00:23:05,166 currently provides help to Africa to the European Union. 397 00:23:05,166 --> 00:23:07,067 Africa to the European Union. Bilateral programs can do more 398 00:23:07,067 --> 00:23:09,301 Bilateral programs can do more to meet needs in defending 399 00:23:09,301 --> 00:23:12,000 to meet needs in defending profit nineteen indeed, you can 400 00:23:12,000 --> 00:23:14,733 profit nineteen indeed, you can do more towards Africa economic 401 00:23:14,733 --> 00:23:16,400 do more towards Africa economic recovery, which are essential 402 00:23:16,400 --> 00:23:18,734 recovery, which are essential to maintaining all of the games 403 00:23:18,734 --> 00:23:21,733 to maintaining all of the games that Africa has already made 404 00:23:21,733 --> 00:23:24,800 that Africa has already made your pastors strong voice in 405 00:23:24,800 --> 00:23:29,233 your pastors strong voice in the gseven and G twenty 406 00:23:29,233 --> 00:23:30,900 the gseven and G twenty partnership with African voices 407 00:23:30,900 --> 00:23:33,034 partnership with African voices can move the needle toward 408 00:23:33,034 --> 00:23:36,200 can move the needle toward providing. 409 00:24:06,267 --> 00:24:09,633 Of this protective conflicts, 410 00:24:09,633 --> 00:24:11,433 Of this protective conflicts, the fact is that a new 411 00:24:11,433 --> 00:24:12,900 the fact is that a new partnership of African Europe 412 00:24:12,900 --> 00:24:15,933 partnership of African Europe has far-reaching potentials and 413 00:24:15,933 --> 00:24:18,334 has far-reaching potentials and ought to be exploding forge for 414 00:24:18,334 --> 00:24:19,967 ought to be exploding forge for the betterment of the world and 415 00:24:19,967 --> 00:24:21,933 the betterment of the world and the advancement of mutual 416 00:24:21,933 --> 00:24:25,867 the advancement of mutual interests as I come to a close, 417 00:24:25,867 --> 00:24:27,833 interests as I come to a close, I’m reminded of the words of 418 00:24:27,833 --> 00:24:31,900 I’m reminded of the words of President Michele Hagans of 419 00:24:31,900 --> 00:24:34,234 President Michele Hagans of doing a webinar address to the 420 00:24:34,234 --> 00:24:35,767 doing a webinar address to the Institute of International and 421 00:24:35,767 --> 00:24:39,967 Institute of International and European Affairs, he said. When 422 00:24:39,967 --> 00:24:42,967 European Affairs, he said. When it comes to the continent of 423 00:24:42,967 --> 00:24:44,367 it comes to the continent of Africa, we have so many 424 00:24:44,367 --> 00:24:48,700 Africa, we have so many misconceptions to undo and if 425 00:24:48,700 --> 00:24:52,433 misconceptions to undo and if we are to undo the 426 00:24:52,433 --> 00:24:56,367 we are to undo the misperceptions, we must recon 427 00:24:56,367 --> 00:24:59,899 misperceptions, we must recon conceptualize and redo 428 00:24:59,899 --> 00:25:04,399 conceptualize and redo development theory and how we 429 00:25:04,399 --> 00:25:06,334 development theory and how we practice international trade 430 00:25:06,334 --> 00:25:09,066 practice international trade and manage the architecture of 431 00:25:09,066 --> 00:25:14,600 and manage the architecture of debt. And Europe’s perception 432 00:25:14,600 --> 00:25:17,267 debt. And Europe’s perception of dependency, I believe the 433 00:25:17,267 --> 00:25:20,600 of dependency, I believe the prime minister’s right Europe 434 00:25:20,600 --> 00:25:21,767 prime minister’s right Europe and indeed Africa was not 435 00:25:21,767 --> 00:25:24,200 and indeed Africa was not attempt to build a new future 436 00:25:24,200 --> 00:25:25,967 attempt to build a new future of partnership and development 437 00:25:25,967 --> 00:25:29,267 of partnership and development on a and weaken foundations of 438 00:25:29,267 --> 00:25:31,033 on a and weaken foundations of misconceptions about ourselves 439 00:25:31,033 --> 00:25:34,833 misconceptions about ourselves and should we it should be not 440 00:25:34,833 --> 00:25:37,134 and should we it should be not deceive ourselves about the 441 00:25:37,134 --> 00:25:38,600 deceive ourselves about the generational lasting effects 442 00:25:38,600 --> 00:25:43,433 generational lasting effects of. Ultimately it 19 may best 443 00:25:43,433 --> 00:25:46,800 of. Ultimately it 19 may best be seen not in the Paris and 444 00:25:46,800 --> 00:25:48,367 be seen not in the Paris and effects on the global economy 445 00:25:48,367 --> 00:25:50,734 effects on the global economy and on Africa, but how the 446 00:25:50,734 --> 00:25:52,700 and on Africa, but how the world responds to the call for 447 00:25:52,700 --> 00:25:54,733 world responds to the call for a new world order? That’s 448 00:25:54,733 --> 00:25:56,300 a new world order? That’s strengthens the pillars of 449 00:25:56,300 --> 00:25:58,934 strengthens the pillars of democratic governance to 450 00:25:58,934 --> 00:25:59,734 democratic governance to provide opportunities for women 451 00:25:59,734 --> 00:26:03,267 provide opportunities for women and youth and make trade Farah 452 00:26:03,267 --> 00:26:05,066 and youth and make trade Farah It will come to be determine 453 00:26:05,066 --> 00:26:07,167 It will come to be determine how we govern more costly 454 00:26:07,167 --> 00:26:09,500 how we govern more costly creatively and inclusively in 455 00:26:09,500 --> 00:26:12,633 creatively and inclusively in the end. 456 00:27:13,766 --> 00:27:16,567 Is deepening as a space 457 00:27:16,567 --> 00:27:20,366 Is deepening as a space continues to expand in short, 458 00:27:20,366 --> 00:27:23,333 continues to expand in short, the potential of Africa matched 459 00:27:23,333 --> 00:27:28,434 the potential of Africa matched by its aspirations he speaks of 460 00:27:28,434 --> 00:27:31,734 by its aspirations he speaks of the hope and the promise of a 461 00:27:31,734 --> 00:27:35,333 the hope and the promise of a rising continent. I’ve belong, 462 00:27:35,333 --> 00:27:36,900 rising continent. I’ve belong, but I thank you for the 463 00:27:36,900 --> 00:27:39,200 but I thank you for the opportunity of your invitation 464 00:27:39,200 --> 00:27:41,467 opportunity of your invitation and for the kindness of your 465 00:27:41,467 --> 00:27:44,734 and for the kindness of your attention. Thank you so much 466 00:27:44,734 --> 00:27:47,800 attention. Thank you so much for the president that was very 467 00:27:47,800 --> 00:27:48,933 for the president that was very informative and very inspiring 468 00:27:48,933 --> 00:27:51,933 informative and very inspiring and uh we had Google appreciate 469 00:27:51,933 --> 00:27:54,533 and uh we had Google appreciate very much your participation 470 00:27:54,533 --> 00:27:56,700 very much your participation here. I know that you have to 471 00:27:56,700 --> 00:27:58,733 here. I know that you have to leave soon. Do you uh do you 472 00:27:58,733 --> 00:28:02,267 leave soon. Do you uh do you have time for one question? I 473 00:28:02,267 --> 00:28:04,767 have time for one question? I could not leave without these 474 00:28:04,767 --> 00:28:07,266 could not leave without these other young and old minds 475 00:28:07,266 --> 00:28:11,033 other young and old minds wanting to inspire me for a 476 00:28:11,033 --> 00:28:14,434 wanting to inspire me for a while. so we have. From which 477 00:28:14,434 --> 00:28:18,266 while. so we have. From which is an anonymous um uh the focus 478 00:28:18,266 --> 00:28:21,800 is an anonymous um uh the focus on goals uh which was evident 479 00:28:21,800 --> 00:28:25,067 on goals uh which was evident in your in your talk and the 480 00:28:25,067 --> 00:28:28,900 in your in your talk and the question is growth without 481 00:28:28,900 --> 00:28:31,267 question is growth without environmental sustainability. 482 00:28:31,267 --> 00:28:34,466 environmental sustainability. not the traditional recipe. 483 00:28:34,466 --> 00:28:36,733 not the traditional recipe. This is what I heard from the 484 00:28:36,733 --> 00:28:39,334 This is what I heard from the World Bank 20 years ago, This 485 00:28:39,334 --> 00:28:41,467 World Bank 20 years ago, This is insufficient. would you come 486 00:28:41,467 --> 00:28:44,500 is insufficient. would you come out? 487 00:30:32,167 --> 00:30:34,699 Your your microphone, Let me 488 00:30:34,699 --> 00:30:37,367 Your your microphone, Let me turn now to the vice president 489 00:30:37,367 --> 00:30:39,767 turn now to the vice president for Africa the world back my 490 00:30:39,767 --> 00:30:42,634 for Africa the world back my old friend. um I changed my 491 00:30:42,634 --> 00:30:45,433 old friend. um I changed my young friend of a long time uh 492 00:30:45,433 --> 00:30:48,300 young friend of a long time uh half is it? okay? Thank you 493 00:30:48,300 --> 00:30:54,334 half is it? okay? Thank you very much and uh thank you for 494 00:30:54,334 --> 00:30:57,300 very much and uh thank you for uh uh uh but uh I have to say 495 00:30:57,300 --> 00:30:59,966 uh uh uh but uh I have to say it’s very difficult to speak 496 00:30:59,966 --> 00:31:01,967 it’s very difficult to speak after the president’s so uh uh 497 00:31:01,967 --> 00:31:04,967 after the president’s so uh uh I. 498 00:31:35,700 --> 00:31:38,167 Not because of the problems 499 00:31:38,167 --> 00:31:39,967 Not because of the problems with testing that that that is 500 00:31:39,967 --> 00:31:42,467 with testing that that that is that we see and the problem 501 00:31:42,467 --> 00:31:45,366 that we see and the problem with the data itself. So 502 00:31:45,366 --> 00:31:46,299 with the data itself. So already we’re talking about 503 00:31:46,299 --> 00:31:48,000 already we’re talking about more than 1.2000000 people, 504 00:31:48,000 --> 00:31:49,466 more than 1.2000000 people, half of those roughly half of 505 00:31:49,466 --> 00:31:51,799 half of those roughly half of those are in South Africa 506 00:31:51,799 --> 00:31:53,366 those are in South Africa again. the question in my mind 507 00:31:53,366 --> 00:31:54,733 again. the question in my mind is it true that half of the 508 00:31:54,733 --> 00:31:56,466 is it true that half of the cases in Africa and South 509 00:31:56,466 --> 00:31:58,266 cases in Africa and South Africa, But it’s just the South 510 00:31:58,266 --> 00:31:59,667 Africa, But it’s just the South Africa is more advanced and has 511 00:31:59,667 --> 00:32:01,467 Africa is more advanced and has more testing and better and 512 00:32:01,467 --> 00:32:03,467 more testing and better and better data that the most 513 00:32:03,467 --> 00:32:06,667 better data that the most other. 514 00:32:06,899 --> 00:32:09,234 Uh but uh oh those are big 515 00:32:09,234 --> 00:32:11,866 Uh but uh oh those are big numbers and they have been 516 00:32:11,866 --> 00:32:13,966 numbers and they have been increasing and therefore uh 517 00:32:13,966 --> 00:32:16,201 increasing and therefore uh what should not underestimate 518 00:32:16,201 --> 00:32:18,799 what should not underestimate the risk and the uh uh of the 519 00:32:18,799 --> 00:32:21,966 the risk and the uh uh of the human impact of uh uh and the 520 00:32:21,966 --> 00:32:23,866 human impact of uh uh and the impact of covert on our 521 00:32:23,866 --> 00:32:25,466 impact of covert on our systems, especially the the 522 00:32:25,466 --> 00:32:28,434 systems, especially the the small fragile states where the 523 00:32:28,434 --> 00:32:33,233 small fragile states where the systems were already uh very uh 524 00:32:33,233 --> 00:32:38,066 systems were already uh very uh uh before court now. 525 00:33:09,367 --> 00:33:13,466 GDP of around 5% and that there 526 00:33:13,466 --> 00:33:15,800 GDP of around 5% and that there is uh from country to cut this 527 00:33:15,800 --> 00:33:19,867 is uh from country to cut this decline in GDP also implies an 528 00:33:19,867 --> 00:33:21,234 decline in GDP also implies an increase in the number of 529 00:33:21,234 --> 00:33:23,700 increase in the number of people on the continent We 530 00:33:23,700 --> 00:33:26,334 people on the continent We estimate that because of this 531 00:33:26,334 --> 00:33:28,767 estimate that because of this recession we will have an 532 00:33:28,767 --> 00:33:31,367 recession we will have an additional 25000000 Africans 533 00:33:31,367 --> 00:33:33,866 additional 25000000 Africans who will be uh uh uh uh thrown 534 00:33:33,866 --> 00:33:38,834 who will be uh uh uh uh thrown into a boat and the the W. Be 535 00:33:38,834 --> 00:33:41,367 into a boat and the the W. Be estimates that the number of 536 00:33:41,367 --> 00:33:42,800 estimates that the number of people suffering from acute 537 00:33:42,800 --> 00:33:45,767 people suffering from acute hunger in Africa will double 538 00:33:45,767 --> 00:33:48,233 hunger in Africa will double because of uh of the impact of 539 00:33:48,233 --> 00:33:50,434 because of uh of the impact of code. So why what are the 540 00:33:50,434 --> 00:33:53,167 code. So why what are the challenges that the leading to 541 00:33:53,167 --> 00:33:54,700 challenges that the leading to decline? GT is increasing 542 00:33:54,700 --> 00:33:57,833 decline? GT is increasing poverty increasing hunger? 543 00:33:57,833 --> 00:33:59,634 poverty increasing hunger? well, the first channel is the 544 00:33:59,634 --> 00:34:04,466 well, the first channel is the full of commodity prices. It is 545 00:34:04,466 --> 00:34:06,801 full of commodity prices. It is all uh what’s happening on the 546 00:34:06,801 --> 00:34:08,367 all uh what’s happening on the international side and many of 547 00:34:08,367 --> 00:34:10,600 international side and many of our countries are uh very 548 00:34:10,600 --> 00:34:12,534 our countries are uh very dependent on what the exports 549 00:34:12,534 --> 00:34:14,933 dependent on what the exports and those countries have uh uh 550 00:34:14,933 --> 00:34:16,566 and those countries have uh uh a bruising uh huge revenues, 551 00:34:16,566 --> 00:34:18,833 a bruising uh huge revenues, for example, the largest come 552 00:34:18,833 --> 00:34:20,367 for example, the largest come to on the country. Nigeria uh 553 00:34:20,367 --> 00:34:24,400 to on the country. Nigeria uh it’s it’s very has fallen by 554 00:34:24,400 --> 00:34:26,866 it’s it’s very has fallen by 70% because of the affordable 555 00:34:26,866 --> 00:34:30,934 70% because of the affordable prices 70% of the revenues. uh 556 00:34:30,934 --> 00:34:31,934 prices 70% of the revenues. uh tourism, many of our countries 557 00:34:31,934 --> 00:34:34,234 tourism, many of our countries depend on tourism. Uh you can 558 00:34:34,234 --> 00:34:35,833 depend on tourism. Uh you can think of the small island 559 00:34:35,833 --> 00:34:37,300 think of the small island economies like like like, for 560 00:34:37,300 --> 00:34:40,467 economies like like like, for example and the impact of. Of 561 00:34:40,467 --> 00:34:42,833 example and the impact of. Of the locks on the tourism and on 562 00:34:42,833 --> 00:34:44,800 the locks on the tourism and on on those economies, but even a 563 00:34:44,800 --> 00:34:47,133 on those economies, but even a large economy like South Africa 564 00:34:47,133 --> 00:34:49,067 large economy like South Africa uh the tourist industry is 565 00:34:49,067 --> 00:34:50,700 uh the tourist industry is South Africa could lose up to 566 00:34:50,700 --> 00:34:53,834 South Africa could lose up to 400000 jobs that gives you a 567 00:34:53,834 --> 00:34:56,833 400000 jobs that gives you a feel for what is happening of 568 00:34:56,833 --> 00:34:59,466 feel for what is happening of course, African country is also 569 00:34:59,466 --> 00:35:02,834 course, African country is also put in uh uh lock downs in 570 00:35:02,834 --> 00:35:05,900 put in uh uh lock downs in order to deal with the uh with 571 00:35:05,900 --> 00:35:07,833 order to deal with the uh with the epidemic and that led to a 572 00:35:07,833 --> 00:35:11,467 the epidemic and that led to a decline in. 573 00:36:17,733 --> 00:36:20,167 So this is what is happening. 574 00:36:20,167 --> 00:36:23,167 So this is what is happening. What is the response and what 575 00:36:23,167 --> 00:36:25,833 What is the response and what is being done and what would be 576 00:36:25,833 --> 00:36:28,233 is being done and what would be that boy and II would I would 577 00:36:28,233 --> 00:36:30,166 that boy and II would I would like to focus on three areas 578 00:36:30,166 --> 00:36:33,900 like to focus on three areas quickly The first area is that 579 00:36:33,900 --> 00:36:36,866 quickly The first area is that the health response and how how 580 00:36:36,866 --> 00:36:39,267 the health response and how how uh the the need to support the 581 00:36:39,267 --> 00:36:41,067 uh the the need to support the health systems to protect 582 00:36:41,067 --> 00:36:43,533 health systems to protect lives? basically, including the 583 00:36:43,533 --> 00:36:45,200 lives? basically, including the same health systems, including 584 00:36:45,200 --> 00:36:49,500 same health systems, including block downs but uh. 585 00:37:48,733 --> 00:37:50,600 Which is cool, it could also 586 00:37:50,600 --> 00:37:51,667 Which is cool, it could also lead to Long-term have a 587 00:37:51,667 --> 00:37:55,300 lead to Long-term have a long-term impact because as we 588 00:37:55,300 --> 00:37:56,866 long-term impact because as we are focusing more and more 589 00:37:56,866 --> 00:37:58,266 are focusing more and more cuts, the focusing more and 590 00:37:58,266 --> 00:38:01,233 cuts, the focusing more and more on the response some 591 00:38:01,233 --> 00:38:03,800 more on the response some important and activities like 592 00:38:03,800 --> 00:38:06,266 important and activities like immunizations for children. 593 00:38:06,266 --> 00:38:08,699 immunizations for children. vaccinations are are being uh 594 00:38:08,699 --> 00:38:10,766 vaccinations are are being uh uh uh ignored and that could 595 00:38:10,766 --> 00:38:13,066 uh uh ignored and that could have not left the second aspect 596 00:38:13,066 --> 00:38:15,899 have not left the second aspect of the posts that uh the second 597 00:38:15,899 --> 00:38:20,567 of the posts that uh the second quarter I wanted to uh. 598 00:38:50,767 --> 00:38:53,167 Given Ducks holidays to 599 00:38:53,167 --> 00:38:56,333 Given Ducks holidays to companies as well, however, 600 00:38:56,333 --> 00:38:59,034 companies as well, however, Eighteen 80% or more of African 601 00:38:59,034 --> 00:39:01,800 Eighteen 80% or more of African jobs are in the informal sector 602 00:39:01,800 --> 00:39:04,234 jobs are in the informal sector and and those people cannot be 603 00:39:04,234 --> 00:39:07,500 and and those people cannot be reached through those uh types 604 00:39:07,500 --> 00:39:09,799 reached through those uh types of mechanisms and so what what 605 00:39:09,799 --> 00:39:10,933 of mechanisms and so what what we’re seeing across the 606 00:39:10,933 --> 00:39:12,400 we’re seeing across the continent and what is happening 607 00:39:12,400 --> 00:39:13,967 continent and what is happening is an expansion of safety in 608 00:39:13,967 --> 00:39:18,801 is an expansion of safety in the catch us for programs that 609 00:39:18,801 --> 00:39:23,166 the catch us for programs that are uh and help uh for workers 610 00:39:23,166 --> 00:39:26,767 are uh and help uh for workers and uh people who uh. In for uh 611 00:39:26,767 --> 00:39:29,534 and uh people who uh. In for uh first and that is a big change 612 00:39:29,534 --> 00:39:31,966 first and that is a big change because you listen for across 613 00:39:31,966 --> 00:39:33,367 because you listen for across the country because the focus 614 00:39:33,367 --> 00:39:36,767 the country because the focus has always been on providing 615 00:39:36,767 --> 00:39:37,567 has always been on providing social protection to the 616 00:39:37,567 --> 00:39:38,933 social protection to the poorest of the poor in Africa 617 00:39:38,933 --> 00:39:40,701 poorest of the poor in Africa and these are usually in rural 618 00:39:40,701 --> 00:39:42,200 and these are usually in rural areas, but the people who have 619 00:39:42,200 --> 00:39:44,733 areas, but the people who have been hit the the the uh the in 620 00:39:44,733 --> 00:39:46,866 been hit the the the uh the in urban areas now all to support 621 00:39:46,866 --> 00:39:51,766 urban areas now all to support and these are new uh uh so the 622 00:39:51,766 --> 00:39:53,199 and these are new uh uh so the third point I want to mention 623 00:39:53,199 --> 00:39:56,966 third point I want to mention is moving out. 624 00:40:42,267 --> 00:40:44,733 Uh there’s a weakness in the 625 00:40:44,733 --> 00:40:47,434 Uh there’s a weakness in the digital economy the internet 626 00:40:47,434 --> 00:40:49,466 digital economy the internet penetration rate in Africa. I 627 00:40:49,466 --> 00:40:52,166 penetration rate in Africa. I was 40%. 40%. 40% we should aim 628 00:40:52,166 --> 00:40:57,767 was 40%. 40%. 40% we should aim at 100% universal access to the 629 00:40:57,767 --> 00:40:59,600 at 100% universal access to the internet. The This is a lesson 630 00:40:59,600 --> 00:41:00,334 internet. The This is a lesson we learned from cover. It’s 631 00:41:00,334 --> 00:41:01,733 we learned from cover. It’s important for education. It’s 632 00:41:01,733 --> 00:41:03,400 important for education. It’s important for health. It’s 633 00:41:03,400 --> 00:41:04,666 important for health. It’s important for good governments. 634 00:41:04,666 --> 00:41:06,600 important for good governments. Uh we did some estimates the 635 00:41:06,600 --> 00:41:09,767 Uh we did some estimates the word back and that actually if 636 00:41:09,767 --> 00:41:10,400 word back and that actually if you achieve uh if this is 637 00:41:10,400 --> 00:41:12,867 you achieve uh if this is achieved you you can increase 638 00:41:12,867 --> 00:41:13,967 achieved you you can increase employment by seven to 639 00:41:13,967 --> 00:41:17,000 employment by seven to thirteen. 640 00:42:16,234 --> 00:42:18,699 Area as we look into the future 641 00:42:18,699 --> 00:42:23,167 Area as we look into the future is the green economy and 642 00:42:23,167 --> 00:42:27,467 is the green economy and especially green energy. now 643 00:42:27,467 --> 00:42:28,734 especially green energy. now the uh uh and that gods 644 00:42:28,734 --> 00:42:30,767 the uh uh and that gods quickly. I mean if you want to 645 00:42:30,767 --> 00:42:33,034 quickly. I mean if you want to go into a digital economy, you 646 00:42:33,034 --> 00:42:35,199 go into a digital economy, you need to uh read the electric 647 00:42:35,199 --> 00:42:39,700 need to uh read the electric power and uh today uh we have 648 00:42:39,700 --> 00:42:42,966 power and uh today uh we have uh uh about uh we need to get 649 00:42:42,966 --> 00:42:45,434 uh uh about uh we need to get power to about 800000000 more 650 00:42:45,434 --> 00:42:50,167 power to about 800000000 more people who do not have. In 651 00:42:50,167 --> 00:42:55,800 people who do not have. In Africa uh achieving that uh 652 00:42:55,800 --> 00:42:57,199 Africa uh achieving that uh that uh in the best would have 653 00:42:57,199 --> 00:42:59,334 that uh in the best would have been very difficult because the 654 00:42:59,334 --> 00:43:02,433 been very difficult because the cost of connecting to the grid 655 00:43:02,433 --> 00:43:04,800 cost of connecting to the grid uh uh uh using the old uh 656 00:43:04,800 --> 00:43:06,400 uh uh uh using the old uh technologies. It’s very 657 00:43:06,400 --> 00:43:09,299 technologies. It’s very difficult but with the new 658 00:43:09,299 --> 00:43:11,800 difficult but with the new renewable energies with the 659 00:43:11,800 --> 00:43:14,167 renewable energies with the solar with wind uh doing a 660 00:43:14,167 --> 00:43:17,000 solar with wind uh doing a using mini grids using off grid 661 00:43:17,000 --> 00:43:19,733 using mini grids using off grid technology this. All of 662 00:43:19,733 --> 00:43:22,767 technology this. All of universal access to electricity 663 00:43:22,767 --> 00:43:26,199 universal access to electricity in Africa is achievable now, 664 00:43:26,199 --> 00:43:29,534 in Africa is achievable now, and that is not just done by uh 665 00:43:29,534 --> 00:43:30,933 and that is not just done by uh governments you this these are 666 00:43:30,933 --> 00:43:33,366 governments you this these are investments uh that the private 667 00:43:33,366 --> 00:43:34,833 investments uh that the private companies can do and we’re 668 00:43:34,833 --> 00:43:36,800 companies can do and we’re seeing more and more private 669 00:43:36,800 --> 00:43:39,867 seeing more and more private investments in solar uh uh uh 670 00:43:39,867 --> 00:43:41,633 investments in solar uh uh uh uh uh the other uh it’s it’s 671 00:43:41,633 --> 00:43:42,834 uh uh the other uh it’s it’s small, hydro and other 672 00:43:42,834 --> 00:43:46,867 small, hydro and other renewable energy uh areas. So 673 00:43:46,867 --> 00:43:48,966 renewable energy uh areas. So what people what we talk about 674 00:43:48,966 --> 00:43:51,433 what people what we talk about uh? A sustainable development 675 00:43:51,433 --> 00:43:53,734 uh? A sustainable development and and green technology, it is 676 00:43:53,734 --> 00:43:55,867 and and green technology, it is not just an issue of protecting 677 00:43:55,867 --> 00:43:57,466 not just an issue of protecting the environment and the planet. 678 00:43:57,466 --> 00:44:00,401 the environment and the planet. I think it is also uh an issue 679 00:44:00,401 --> 00:44:03,367 I think it is also uh an issue of uh the dividends and the 680 00:44:03,367 --> 00:44:06,800 of uh the dividends and the growth and development and job 681 00:44:06,800 --> 00:44:09,800 growth and development and job creation uh on our country, the 682 00:44:09,800 --> 00:44:10,934 creation uh on our country, the third point I wanted to mention 683 00:44:10,934 --> 00:44:12,900 third point I wanted to mention that is really important and I 684 00:44:12,900 --> 00:44:14,934 that is really important and I know it’s it’s very close to 685 00:44:14,934 --> 00:44:16,734 know it’s it’s very close to the heart of uh President 686 00:44:16,734 --> 00:44:21,400 the heart of uh President Joseph and I had just uh to 687 00:44:21,400 --> 00:44:22,400 Joseph and I had just uh to discuss this before is the 688 00:44:22,400 --> 00:44:26,166 discuss this before is the importance of. 689 00:45:25,699 --> 00:45:29,700 Back with it and finally we see 690 00:45:29,700 --> 00:45:31,700 Back with it and finally we see a. in gender-based violence uh 691 00:45:31,700 --> 00:45:34,799 a. in gender-based violence uh with the love ones and so uh 692 00:45:34,799 --> 00:45:36,333 with the love ones and so uh this is the third area that was 693 00:45:36,333 --> 00:45:39,233 this is the third area that was the other really the importance 694 00:45:39,233 --> 00:45:43,034 the other really the importance of uh uh uh uh uh uh making 695 00:45:43,034 --> 00:45:45,200 of uh uh uh uh uh uh making sure that the gains of African 696 00:45:45,200 --> 00:45:47,467 sure that the gains of African women are not uh I ordered by 697 00:45:47,467 --> 00:45:51,000 women are not uh I ordered by uh by that actually we need to 698 00:45:51,000 --> 00:45:53,366 uh by that actually we need to do much more uh in that area 699 00:45:53,366 --> 00:45:54,933 do much more uh in that area and it’s linked to the point 700 00:45:54,933 --> 00:45:55,966 and it’s linked to the point that the president certainly 701 00:45:55,966 --> 00:46:00,166 that the president certainly raised on uh. 702 00:47:35,167 --> 00:47:36,967 Uh it is potentially the 703 00:47:36,967 --> 00:47:40,766 Uh it is potentially the largest and fastest growing 704 00:47:40,766 --> 00:47:44,167 largest and fastest growing market and therefore I think it 705 00:47:44,167 --> 00:47:46,400 market and therefore I think it is uh really uh we need to 706 00:47:46,400 --> 00:47:48,499 is uh really uh we need to think of Africa as the 707 00:47:48,499 --> 00:47:49,934 think of Africa as the continent of opportunity and 708 00:47:49,934 --> 00:47:52,833 continent of opportunity and then all of our new investments 709 00:47:52,833 --> 00:47:55,433 then all of our new investments uh would be with uh in the 710 00:47:55,433 --> 00:47:56,867 uh would be with uh in the government. Thank you very 711 00:47:56,867 --> 00:48:00,766 government. Thank you very much. Let me stop here. 712 00:48:03,167 --> 00:48:07,266 Thank you so much for that uh 713 00:48:07,266 --> 00:48:11,167 Thank you so much for that uh uh very uh specific set of 714 00:48:11,167 --> 00:48:15,334 uh very uh specific set of recommendations and uh one can 715 00:48:15,334 --> 00:48:17,666 recommendations and uh one can only hope that uh this uh 716 00:48:17,666 --> 00:48:19,801 only hope that uh this uh terrible tragedy of nineteen 717 00:48:19,801 --> 00:48:23,900 terrible tragedy of nineteen will provide a new impetus for 718 00:48:23,900 --> 00:48:26,200 will provide a new impetus for assistance, particularly in the 719 00:48:26,200 --> 00:48:30,333 assistance, particularly in the areas of the um uh providing 720 00:48:30,333 --> 00:48:32,000 areas of the um uh providing internet services providing 721 00:48:32,000 --> 00:48:33,933 internet services providing power etcetera, which you 722 00:48:33,933 --> 00:48:37,267 power etcetera, which you without which we could not be. 723 00:48:37,267 --> 00:48:38,834 without which we could not be. Uh anywhere in the world today 724 00:48:38,834 --> 00:48:41,667 Uh anywhere in the world today and certainly not in Africa uh 725 00:48:41,667 --> 00:48:45,667 and certainly not in Africa uh so let me uh turn the next to 726 00:48:45,667 --> 00:48:49,467 so let me uh turn the next to uh to Mia who is the uh adviser 727 00:48:49,467 --> 00:48:51,800 uh to Mia who is the uh adviser to the president of South 728 00:48:51,800 --> 00:48:53,699 to the president of South Africa economic issues. There’s 729 00:48:53,699 --> 00:48:56,533 Africa economic issues. There’s two please uh I’m your 730 00:48:56,533 --> 00:49:00,734 two please uh I’m your microphone. I’m cute uh thank 731 00:49:00,734 --> 00:49:04,799 microphone. I’m cute uh thank you um for your introduction Um 732 00:49:04,799 --> 00:49:08,734 you um for your introduction Um it’s an honor to share um the 733 00:49:08,734 --> 00:49:11,200 it’s an honor to share um the panel with uh this esteemed 734 00:49:11,200 --> 00:49:14,233 panel with uh this esteemed guests that you have composed 735 00:49:14,233 --> 00:49:15,967 guests that you have composed and good afternoon to you. 736 00:49:15,967 --> 00:49:18,000 and good afternoon to you. Madam President Johnson it 737 00:49:18,000 --> 00:49:20,833 Madam President Johnson it truly is an honor um to be 738 00:49:20,833 --> 00:49:23,667 truly is an honor um to be sharing this platform with you. 739 00:49:23,667 --> 00:49:26,633 sharing this platform with you. I think we are at that moment 740 00:49:26,633 --> 00:49:28,767 I think we are at that moment um in our history where we 741 00:49:28,767 --> 00:49:32,600 um in our history where we could lose the game. 742 00:50:33,201 --> 00:50:35,701 Um around July when we were 743 00:50:35,701 --> 00:50:37,633 Um around July when we were seeing over 10000 new cases a 744 00:50:37,633 --> 00:50:40,433 seeing over 10000 new cases a day uh but now in September, 745 00:50:40,433 --> 00:50:41,967 day uh but now in September, we’re down to just over 2000 746 00:50:41,967 --> 00:50:44,367 we’re down to just over 2000 cases a day so we’re still in 747 00:50:44,367 --> 00:50:47,701 cases a day so we’re still in it with um going through um the 748 00:50:47,701 --> 00:50:49,834 it with um going through um the academic, but um there’s a uh 749 00:50:49,834 --> 00:50:53,400 academic, but um there’s a uh drop off in numbers. We’ve also 750 00:50:53,400 --> 00:50:55,733 drop off in numbers. We’ve also been um loosening of 751 00:50:55,733 --> 00:50:57,900 been um loosening of restrictions uh in terms of our 752 00:50:57,900 --> 00:51:01,400 restrictions uh in terms of our love down levels. so the the 753 00:51:01,400 --> 00:51:02,400 love down levels. so the the caution is also to ensure that 754 00:51:02,400 --> 00:51:05,199 caution is also to ensure that we don’t have a second wave of 755 00:51:05,199 --> 00:51:06,899 we don’t have a second wave of infection as other countries um 756 00:51:06,899 --> 00:51:09,367 infection as other countries um have experience with. Open up 757 00:51:09,367 --> 00:51:11,233 have experience with. Open up the economy, so we’re very 758 00:51:11,233 --> 00:51:12,734 the economy, so we’re very conscious of that. At the same 759 00:51:12,734 --> 00:51:15,734 conscious of that. At the same time we want to maximize um as 760 00:51:15,734 --> 00:51:17,634 time we want to maximize um as much economic activity uh as we 761 00:51:17,634 --> 00:51:21,900 much economic activity uh as we possibly can now in terms of 762 00:51:21,900 --> 00:51:23,799 possibly can now in terms of predictions, you know that’ve 763 00:51:23,799 --> 00:51:25,867 predictions, you know that’ve been many predictions that have 764 00:51:25,867 --> 00:51:27,799 been many predictions that have been made for on the South 765 00:51:27,799 --> 00:51:30,767 been made for on the South African economy um by 766 00:51:30,767 --> 00:51:32,200 African economy um by government institutions, but 767 00:51:32,200 --> 00:51:34,700 government institutions, but and also by the private sector 768 00:51:34,700 --> 00:51:37,266 and also by the private sector and the median uh puts us in 769 00:51:37,266 --> 00:51:40,733 and the median uh puts us in about minus seven minus 8% um 770 00:51:40,733 --> 00:51:43,900 about minus seven minus 8% um of the knock in. Twenty annual 771 00:51:43,900 --> 00:51:46,367 of the knock in. Twenty annual GDP growth and it’s led up to 772 00:51:46,367 --> 00:51:50,434 GDP growth and it’s led up to in 2021, but we’ll only really 773 00:51:50,434 --> 00:51:54,299 in 2021, but we’ll only really um revert that 2019 levels um 774 00:51:54,299 --> 00:51:56,699 um revert that 2019 levels um estimated in about twenty to 775 00:51:56,699 --> 00:51:59,699 estimated in about twenty to twenty-two. so it’s going to be 776 00:51:59,699 --> 00:52:01,967 twenty-two. so it’s going to be a recovery that requires very 777 00:52:01,967 --> 00:52:04,967 a recovery that requires very careful uh policy development 778 00:52:04,967 --> 00:52:06,733 careful uh policy development um just taking a moment to look 779 00:52:06,733 --> 00:52:08,699 um just taking a moment to look at the continental view, I mean 780 00:52:08,699 --> 00:52:11,566 at the continental view, I mean I think um as Madam President 781 00:52:11,566 --> 00:52:14,300 I think um as Madam President has uh clearly articulated um 782 00:52:14,300 --> 00:52:16,734 has uh clearly articulated um as our own president. That is 783 00:52:16,734 --> 00:52:19,400 as our own president. That is also um as chair of the African 784 00:52:19,400 --> 00:52:21,633 also um as chair of the African Union um made repeated calls 785 00:52:21,633 --> 00:52:23,566 Union um made repeated calls that you know the continent is 786 00:52:23,566 --> 00:52:25,334 that you know the continent is putting a lot of resources uh 787 00:52:25,334 --> 00:52:27,600 putting a lot of resources uh in terms of it’s own efforts to 788 00:52:27,600 --> 00:52:29,733 in terms of it’s own efforts to ensure the health response and 789 00:52:29,733 --> 00:52:31,934 ensure the health response and also the economic response, but 790 00:52:31,934 --> 00:52:34,399 also the economic response, but that there are also some um 791 00:52:34,399 --> 00:52:37,367 that there are also some um fairly modest um request for 792 00:52:37,367 --> 00:52:39,234 fairly modest um request for that have been made to the 793 00:52:39,234 --> 00:52:40,833 that have been made to the international community and you 794 00:52:40,833 --> 00:52:42,534 international community and you know we have seen some of those 795 00:52:42,534 --> 00:52:44,400 know we have seen some of those mets uh but we would encourage 796 00:52:44,400 --> 00:52:46,967 mets uh but we would encourage a deepening. Response so 797 00:52:46,967 --> 00:52:49,266 a deepening. Response so there’s a suspension um 798 00:52:49,266 --> 00:52:50,367 there’s a suspension um initiative backed by the G 799 00:52:50,367 --> 00:52:53,066 initiative backed by the G twenty which is underway and 800 00:52:53,066 --> 00:52:54,833 twenty which is underway and many um eligible African 801 00:52:54,833 --> 00:52:56,700 many um eligible African countries have stepped forward 802 00:52:56,700 --> 00:52:59,699 countries have stepped forward um to take advantage of that we 803 00:52:59,699 --> 00:53:02,800 um to take advantage of that we do see some constraints uh 804 00:53:02,800 --> 00:53:05,234 do see some constraints uh because there is uncertainty as 805 00:53:05,234 --> 00:53:08,733 because there is uncertainty as to how some of us will pay out 806 00:53:08,733 --> 00:53:09,834 to how some of us will pay out with credit rating agencies and 807 00:53:09,834 --> 00:53:11,867 with credit rating agencies and so we’ve also been trying to 808 00:53:11,867 --> 00:53:12,800 so we’ve also been trying to advocate strongly that this is 809 00:53:12,800 --> 00:53:16,300 advocate strongly that this is a crisis which is a. Anyone’s 810 00:53:16,300 --> 00:53:18,767 a crisis which is a. Anyone’s making and so the way we think 811 00:53:18,767 --> 00:53:20,234 making and so the way we think about debt metrics the way we 812 00:53:20,234 --> 00:53:22,866 about debt metrics the way we think about debt sustainability 813 00:53:22,866 --> 00:53:24,300 think about debt sustainability um even for credit rating 814 00:53:24,300 --> 00:53:26,434 um even for credit rating agencies who look at objective 815 00:53:26,434 --> 00:53:28,267 agencies who look at objective measures um they should 816 00:53:28,267 --> 00:53:31,000 measures um they should consider that um the only way 817 00:53:31,000 --> 00:53:32,434 consider that um the only way that countries that going to 818 00:53:32,434 --> 00:53:34,434 that countries that going to get through this and sustain 819 00:53:34,434 --> 00:53:36,200 get through this and sustain the economic development and 820 00:53:36,200 --> 00:53:38,167 the economic development and future as if they don’t have 821 00:53:38,167 --> 00:53:39,967 future as if they don’t have fear um in terms of tapping 822 00:53:39,967 --> 00:53:41,934 fear um in terms of tapping into debts uh measures and they 823 00:53:41,934 --> 00:53:43,300 into debts uh measures and they don’t have fear of being 824 00:53:43,300 --> 00:53:45,833 don’t have fear of being downgraded or. The access to 825 00:53:45,833 --> 00:53:47,967 downgraded or. The access to capital markets when they’re 826 00:53:47,967 --> 00:53:49,967 capital markets when they’re just acting rationally in the 827 00:53:49,967 --> 00:53:53,567 just acting rationally in the face of the crisis. um they’ve 828 00:53:53,567 --> 00:53:56,167 face of the crisis. um they’ve been various estimates um as to 829 00:53:56,167 --> 00:53:57,867 been various estimates um as to how much the continent needs in 830 00:53:57,867 --> 00:54:00,167 how much the continent needs in terms of stimulus and budget 831 00:54:00,167 --> 00:54:01,301 terms of stimulus and budget support, anything from 832 00:54:01,301 --> 00:54:04,300 support, anything from 100000000000 US to 200000000000 833 00:54:04,300 --> 00:54:05,966 100000000000 US to 200000000000 US over the medium term. I 834 00:54:05,966 --> 00:54:07,799 US over the medium term. I mean, I think the message that 835 00:54:07,799 --> 00:54:10,733 mean, I think the message that is simply that um to ensure 836 00:54:10,733 --> 00:54:12,367 is simply that um to ensure that there’s growth um that 837 00:54:12,367 --> 00:54:14,900 that there’s growth um that helps us to overcome this 838 00:54:14,900 --> 00:54:16,133 helps us to overcome this crisis. We’re going to have to 839 00:54:16,133 --> 00:54:18,199 crisis. We’re going to have to have significant um stimulus it 840 00:54:18,199 --> 00:54:21,200 have significant um stimulus it can be business as usual. And 841 00:54:21,200 --> 00:54:22,767 can be business as usual. And at the same time we have to 842 00:54:22,767 --> 00:54:23,867 at the same time we have to acknowledge that African 843 00:54:23,867 --> 00:54:26,733 acknowledge that African countries many of them likes of 844 00:54:26,733 --> 00:54:27,699 countries many of them likes of that, don’t necessarily have 845 00:54:27,699 --> 00:54:30,166 that, don’t necessarily have the fiscal space um to pull it 846 00:54:30,166 --> 00:54:32,367 the fiscal space um to pull it off without significant 847 00:54:32,367 --> 00:54:34,000 off without significant international support. And of 848 00:54:34,000 --> 00:54:35,967 international support. And of course we would also echo the 849 00:54:35,967 --> 00:54:37,234 course we would also echo the points that have been made by 850 00:54:37,234 --> 00:54:39,967 points that have been made by Madam President Johnson on the 851 00:54:39,967 --> 00:54:41,233 Madam President Johnson on the matter of special drawing 852 00:54:41,233 --> 00:54:43,066 matter of special drawing rights as one of the 853 00:54:43,066 --> 00:54:44,199 rights as one of the instruments available in the 854 00:54:44,199 --> 00:54:46,833 instruments available in the international community to 855 00:54:46,833 --> 00:54:48,600 international community to relocate resources um through 856 00:54:48,600 --> 00:54:50,699 relocate resources um through the IMF special drawing rights 857 00:54:50,699 --> 00:54:55,333 the IMF special drawing rights to um developing countries. 858 00:54:55,333 --> 00:54:57,233 to um developing countries. Tune in specifically to South 859 00:54:57,233 --> 00:54:59,267 Tune in specifically to South Africa and how we’re thinking 860 00:54:59,267 --> 00:55:01,300 Africa and how we’re thinking about the recovery, I mean, I 861 00:55:01,300 --> 00:55:03,334 about the recovery, I mean, I think you know for many 862 00:55:03,334 --> 00:55:04,700 think you know for many countries. the things are 863 00:55:04,700 --> 00:55:07,534 countries. the things are common um infrastructure 864 00:55:07,534 --> 00:55:08,733 common um infrastructure development is going to be a 865 00:55:08,733 --> 00:55:11,334 development is going to be a big driver of recovery. We’re 866 00:55:11,334 --> 00:55:13,801 big driver of recovery. We’re looking at network industries 867 00:55:13,801 --> 00:55:15,867 looking at network industries like water electricity 868 00:55:15,867 --> 00:55:17,933 like water electricity transport um to put money back 869 00:55:17,933 --> 00:55:21,000 transport um to put money back into those um uh key 870 00:55:21,000 --> 00:55:21,966 into those um uh key infrastructures that keep 871 00:55:21,966 --> 00:55:25,699 infrastructures that keep economies going um and to. Take 872 00:55:25,699 --> 00:55:28,000 economies going um and to. Take care of the maintenance back 873 00:55:28,000 --> 00:55:29,834 care of the maintenance back log that has built over time, 874 00:55:29,834 --> 00:55:31,900 log that has built over time, but also develop new ways to 875 00:55:31,900 --> 00:55:33,533 but also develop new ways to connect the country to connect 876 00:55:33,533 --> 00:55:35,000 connect the country to connect the poor and richer parts of 877 00:55:35,000 --> 00:55:37,267 the poor and richer parts of the country The remotes um and 878 00:55:37,267 --> 00:55:40,667 the country The remotes um and the urban to move goods across 879 00:55:40,667 --> 00:55:41,967 the urban to move goods across the country to ports um so 880 00:55:41,967 --> 00:55:44,167 the country to ports um so we’re trying very hard to build 881 00:55:44,167 --> 00:55:45,967 we’re trying very hard to build that infrastructure and we’re 882 00:55:45,967 --> 00:55:47,166 that infrastructure and we’re doing it in partnership with 883 00:55:47,166 --> 00:55:49,700 doing it in partnership with the private sector because once 884 00:55:49,700 --> 00:55:50,899 the private sector because once again, we acknowledge that we 885 00:55:50,899 --> 00:55:52,133 again, we acknowledge that we don’t as government wouldn’t 886 00:55:52,133 --> 00:55:54,767 don’t as government wouldn’t have the financial resources to 887 00:55:54,767 --> 00:55:56,634 have the financial resources to meet our full infrastructure 888 00:55:56,634 --> 00:56:00,567 meet our full infrastructure backlog, but also. 889 00:56:28,899 --> 00:56:30,167 We’re hoping for labor 890 00:56:30,167 --> 00:56:32,234 We’re hoping for labor intensity and to ensure that we 891 00:56:32,234 --> 00:56:33,967 intensity and to ensure that we can draw people who’ve lost 892 00:56:33,967 --> 00:56:35,767 can draw people who’ve lost their jobs who jobs are at risk 893 00:56:35,767 --> 00:56:38,134 their jobs who jobs are at risk um through a you know through 894 00:56:38,134 --> 00:56:42,267 um through a you know through projects um that really make a 895 00:56:42,267 --> 00:56:43,967 projects um that really make a difference now the point of 896 00:56:43,967 --> 00:56:46,266 difference now the point of also being made around building 897 00:56:46,266 --> 00:56:49,100 also being made around building a productive base. um so Africa 898 00:56:49,100 --> 00:56:52,934 a productive base. um so Africa is fairly industrialized uh but 899 00:56:52,934 --> 00:56:53,566 is fairly industrialized uh but many observers and also know 900 00:56:53,566 --> 00:56:56,000 many observers and also know that in previous years, uh 901 00:56:56,000 --> 00:56:58,900 that in previous years, uh we’ve been suffering the 902 00:56:58,900 --> 00:57:02,633 we’ve been suffering the industrialization and so. 903 00:57:30,767 --> 00:57:32,200 Locally manufactured and so we 904 00:57:32,200 --> 00:57:34,166 Locally manufactured and so we will work hard to ensure that 905 00:57:34,166 --> 00:57:36,300 will work hard to ensure that in terms of essential medical 906 00:57:36,300 --> 00:57:37,667 in terms of essential medical supplies, we have um the 907 00:57:37,667 --> 00:57:39,567 supplies, we have um the production locally. in many 908 00:57:39,567 --> 00:57:43,000 production locally. in many other areas we see um that we 909 00:57:43,000 --> 00:57:44,233 other areas we see um that we can strengthen our supply 910 00:57:44,233 --> 00:57:45,967 can strengthen our supply chains and also attract 911 00:57:45,967 --> 00:57:48,233 chains and also attract investors who want to diversify 912 00:57:48,233 --> 00:57:49,767 investors who want to diversify the international locations. 913 00:57:49,767 --> 00:57:51,233 the international locations. You know the experience that 914 00:57:51,233 --> 00:57:53,234 You know the experience that we’ve had now shows us the 915 00:57:53,234 --> 00:57:54,767 we’ve had now shows us the dangers of having concentrated 916 00:57:54,767 --> 00:57:56,566 dangers of having concentrated supply chains and so Africa 917 00:57:56,566 --> 00:57:59,466 supply chains and so Africa South Africa um presented an 918 00:57:59,466 --> 00:58:01,534 South Africa um presented an opportunity for that. that, but 919 00:58:01,534 --> 00:58:03,367 opportunity for that. that, but we’re in. So that we’re also 920 00:58:03,367 --> 00:58:07,267 we’re in. So that we’re also just one country um on a very 921 00:58:07,267 --> 00:58:08,900 just one country um on a very vibrant and diverse continent 922 00:58:08,900 --> 00:58:13,666 vibrant and diverse continent and so we want to situate uh re 923 00:58:13,666 --> 00:58:14,234 and so we want to situate uh re industrialization and not 924 00:58:14,234 --> 00:58:15,833 industrialization and not productive efforts within the 925 00:58:15,833 --> 00:58:18,334 productive efforts within the African Continental Free trade 926 00:58:18,334 --> 00:58:19,967 African Continental Free trade agreement because we think that 927 00:58:19,967 --> 00:58:22,566 agreement because we think that is the that’s a market that is 928 00:58:22,566 --> 00:58:23,967 is the that’s a market that is the market that you should be 929 00:58:23,967 --> 00:58:25,000 the market that you should be working on and that we should 930 00:58:25,000 --> 00:58:27,500 working on and that we should be pivoting a trade towards 931 00:58:27,500 --> 00:58:29,700 be pivoting a trade towards trade more with the continents. 932 00:58:29,700 --> 00:58:31,733 trade more with the continents. Now I can’t like South Africa a 933 00:58:31,733 --> 00:58:34,467 Now I can’t like South Africa a country like Nigeria um and a 934 00:58:34,467 --> 00:58:39,900 country like Nigeria um and a few others would um. To be 935 00:58:39,900 --> 00:58:41,167 few others would um. To be careful that in dealing with 936 00:58:41,167 --> 00:58:43,833 careful that in dealing with regional integration we show 937 00:58:43,833 --> 00:58:45,367 regional integration we show how we are not just going to be 938 00:58:45,367 --> 00:58:46,767 how we are not just going to be the manufacturing base and 939 00:58:46,767 --> 00:58:47,967 the manufacturing base and everyone else has to buy from 940 00:58:47,967 --> 00:58:50,199 everyone else has to buy from us but that we want to have 941 00:58:50,199 --> 00:58:52,767 us but that we want to have diverse values across the 942 00:58:52,767 --> 00:58:54,333 diverse values across the continent so with that we have 943 00:58:54,333 --> 00:58:57,333 continent so with that we have regional value chains and not 944 00:58:57,333 --> 00:58:58,534 regional value chains and not excessive concentration in any 945 00:58:58,534 --> 00:59:00,900 excessive concentration in any part of the continent and I 946 00:59:00,900 --> 00:59:03,699 part of the continent and I think with um policy of 947 00:59:03,699 --> 00:59:04,667 think with um policy of investment led trade where we 948 00:59:04,667 --> 00:59:05,967 investment led trade where we also encourage our African 949 00:59:05,967 --> 00:59:09,033 also encourage our African companies. 950 00:59:41,167 --> 00:59:42,667 We’ve had a bit of a slow down 951 00:59:42,667 --> 00:59:45,933 We’ve had a bit of a slow down in a green energy programs, but 952 00:59:45,933 --> 00:59:47,734 in a green energy programs, but with the new integrated 953 00:59:47,734 --> 00:59:48,467 with the new integrated resource plan that we’ve put 954 00:59:48,467 --> 00:59:50,000 resource plan that we’ve put forward, we’re still ambitious 955 00:59:50,000 --> 00:59:52,300 forward, we’re still ambitious in terms of procuring more 956 00:59:52,300 --> 00:59:54,733 in terms of procuring more green energy more renewable 957 00:59:54,733 --> 00:59:56,334 green energy more renewable energy uh but we also want to 958 00:59:56,334 --> 00:59:57,967 energy uh but we also want to preserve um an energy mix and 959 00:59:57,967 --> 01:00:00,167 preserve um an energy mix and an image to transition that 960 01:00:00,167 --> 01:00:01,833 an image to transition that makes sense uh within the 961 01:00:01,833 --> 01:00:04,266 makes sense uh within the context of our country uh and 962 01:00:04,266 --> 01:00:06,801 context of our country uh and it’s development. We’re also 963 01:00:06,801 --> 01:00:08,800 it’s development. We’re also very keen in terms of our 964 01:00:08,800 --> 01:00:11,367 very keen in terms of our commodities to. Communitys, 965 01:00:11,367 --> 01:00:13,801 commodities to. Communitys, ähm, Wellner Inputs, intugreen 966 01:00:13,801 --> 01:00:15,399 ähm, Wellner Inputs, intugreen Development, Genovenadium, 967 01:00:15,399 --> 01:00:17,900 Development, Genovenadium, Gosing to Battles, Hydrin, aber 968 01:00:17,900 --> 01:00:20,200 Gosing to Battles, Hydrin, aber going to feelsels, so wie osa 969 01:00:20,200 --> 01:00:21,966 going to feelsels, so wie osa one two position is are 970 01:00:21,966 --> 01:00:24,167 one two position is are commoritys for the green 971 01:00:24,167 --> 01:00:25,900 commoritys for the green economy. But for all that to 972 01:00:25,900 --> 01:00:29,167 economy. But for all that to happen ähm recorres and lot of 973 01:00:29,167 --> 01:00:31,300 happen ähm recorres and lot of supporting times of you means 974 01:00:31,300 --> 01:00:33,434 supporting times of you means of Implementation eh for the 975 01:00:33,434 --> 01:00:34,767 of Implementation eh for the just transition, we offen to 976 01:00:34,767 --> 01:00:37,134 just transition, we offen to gebout how poinstense no evy 977 01:00:37,134 --> 01:00:40,266 gebout how poinstense no evy give feminitive ähm covern e 978 01:00:40,266 --> 01:00:41,767 give feminitive ähm covern e Over time, you know Africa is 979 01:00:41,767 --> 01:00:44,333 Over time, you know Africa is only a tenth of the cumulative 980 01:00:44,333 --> 01:00:46,266 only a tenth of the cumulative emissions of the United States. 981 01:00:46,266 --> 01:00:48,933 emissions of the United States. It’s only about a tenth of the 982 01:00:48,933 --> 01:00:51,300 It’s only about a tenth of the emissions of a Europe and so a 983 01:00:51,300 --> 01:00:55,566 emissions of a Europe and so a lot of um has been advanced uh 984 01:00:55,566 --> 01:00:58,000 lot of um has been advanced uh in terms of helping Africa to 985 01:00:58,000 --> 01:01:00,400 in terms of helping Africa to invest in green growth and 986 01:01:00,400 --> 01:01:01,100 invest in green growth and understanding that it’s not 987 01:01:01,100 --> 01:01:02,833 understanding that it’s not responsible for the majority of 988 01:01:02,833 --> 01:01:04,434 responsible for the majority of emissions, but a lot of that 989 01:01:04,434 --> 01:01:05,633 emissions, but a lot of that hasn’t come to fruition in 990 01:01:05,633 --> 01:01:09,034 hasn’t come to fruition in terms of actual flows of green 991 01:01:09,034 --> 01:01:10,234 terms of actual flows of green financing climate financing. 992 01:01:10,234 --> 01:01:12,833 financing climate financing. And so we want to advocate 993 01:01:12,833 --> 01:01:14,400 And so we want to advocate quite strongly that as much as 994 01:01:14,400 --> 01:01:15,967 quite strongly that as much as we want to participate in green 995 01:01:15,967 --> 01:01:18,233 we want to participate in green and green development, there’s 996 01:01:18,233 --> 01:01:19,734 and green development, there’s gonna be a recognition that we 997 01:01:19,734 --> 01:01:20,734 gonna be a recognition that we have to do it in a way that 998 01:01:20,734 --> 01:01:23,300 have to do it in a way that doesn’t impose transition costs 999 01:01:23,300 --> 01:01:25,799 doesn’t impose transition costs and fair transition costs on 1000 01:01:25,799 --> 01:01:28,799 and fair transition costs on our economies, but we do see 1001 01:01:28,799 --> 01:01:31,800 our economies, but we do see this um as the future um I’ll 1002 01:01:31,800 --> 01:01:33,767 this um as the future um I’ll continue to say uh also on 1003 01:01:33,767 --> 01:01:35,233 continue to say uh also on tourism. Of course, we’re very 1004 01:01:35,233 --> 01:01:37,667 tourism. Of course, we’re very tourism dependent country and 1005 01:01:37,667 --> 01:01:38,967 tourism dependent country and continents um, but we do think 1006 01:01:38,967 --> 01:01:42,399 continents um, but we do think that. Tourism um very aligned 1007 01:01:42,399 --> 01:01:44,900 that. Tourism um very aligned with the green agenda aligned 1008 01:01:44,900 --> 01:01:46,600 with the green agenda aligned with sustainability is one area 1009 01:01:46,600 --> 01:01:48,000 with sustainability is one area of tourism where there’s a 1010 01:01:48,000 --> 01:01:49,467 of tourism where there’s a clear future and where they 1011 01:01:49,467 --> 01:01:51,767 clear future and where they could actually be development 1012 01:01:51,767 --> 01:01:54,234 could actually be development um despite the epidemic so we 1013 01:01:54,234 --> 01:01:57,100 um despite the epidemic so we remain bullish um we um are 1014 01:01:57,100 --> 01:01:58,499 remain bullish um we um are very clear on the parts that 1015 01:01:58,499 --> 01:02:00,767 very clear on the parts that we’re going to take uh in terms 1016 01:02:00,767 --> 01:02:03,367 we’re going to take uh in terms of economic recovery, but we 1017 01:02:03,367 --> 01:02:04,667 of economic recovery, but we continue to urge um in the 1018 01:02:04,667 --> 01:02:05,666 continue to urge um in the international community in 1019 01:02:05,666 --> 01:02:07,433 international community in terms of all those financing 1020 01:02:07,433 --> 01:02:10,500 terms of all those financing and support mechanisms. Will 1021 01:02:10,500 --> 01:02:12,900 and support mechanisms. Will ensure that the market the 1022 01:02:12,900 --> 01:02:14,367 ensure that the market the African continental market is 1023 01:02:14,367 --> 01:02:16,700 African continental market is sustained and that this doesn’t 1024 01:02:16,700 --> 01:02:19,633 sustained and that this doesn’t become um doesn’t set back 1025 01:02:19,633 --> 01:02:21,067 become um doesn’t set back progress amazing progress that 1026 01:02:21,067 --> 01:02:22,766 progress amazing progress that has been achieved over 1027 01:02:22,766 --> 01:02:25,200 has been achieved over generation. Thank you very 1028 01:02:25,200 --> 01:02:26,799 generation. Thank you very much. Thank you so much uh tune 1029 01:02:26,799 --> 01:02:30,399 much. Thank you so much uh tune in that’s statistic that uh 1030 01:02:30,399 --> 01:02:31,767 in that’s statistic that uh Africa counts more than one 1031 01:02:31,767 --> 01:02:32,900 Africa counts more than one tenth of the cumulative 1032 01:02:32,900 --> 01:02:35,067 tenth of the cumulative emissions of Europe and the 1033 01:02:35,067 --> 01:02:38,300 emissions of Europe and the United States is a striking one 1034 01:02:38,300 --> 01:02:39,633 United States is a striking one in the context of the 1035 01:02:39,633 --> 01:02:41,199 in the context of the discussions that people are 1036 01:02:41,199 --> 01:02:45,767 discussions that people are having about uh. Sure and uh 1037 01:02:45,767 --> 01:02:48,801 having about uh. Sure and uh reducing carbon emissions um 1038 01:02:48,801 --> 01:02:51,100 reducing carbon emissions um I’m very aware that the time is 1039 01:02:51,100 --> 01:02:54,700 I’m very aware that the time is short, but we will extend the 1040 01:02:54,700 --> 01:02:56,301 short, but we will extend the session you know by several 1041 01:02:56,301 --> 01:02:58,600 session you know by several minutes to make sure that uh 1042 01:02:58,600 --> 01:03:03,434 minutes to make sure that uh that uh Patricia and uh and uh 1043 01:03:03,434 --> 01:03:08,167 that uh Patricia and uh and uh have the time uh that to them 1044 01:03:08,167 --> 01:03:11,533 have the time uh that to them um so we turn over to you as 1045 01:03:11,533 --> 01:03:13,934 um so we turn over to you as the CEO of other phones and the 1046 01:03:13,934 --> 01:03:17,000 the CEO of other phones and the only person. 1047 01:03:46,267 --> 01:03:49,133 Crisis so we put together a 1048 01:03:49,133 --> 01:03:51,367 Crisis so we put together a six-point plan and we’re really 1049 01:03:51,367 --> 01:03:52,934 six-point plan and we’re really focused on ensuring that people 1050 01:03:52,934 --> 01:03:54,167 focused on ensuring that people who stay connected our 1051 01:03:54,167 --> 01:03:56,000 who stay connected our citizens, our employees people 1052 01:03:56,000 --> 01:03:58,000 citizens, our employees people who are working from home, so 1053 01:03:58,000 --> 01:03:59,433 who are working from home, so our first priority was to make 1054 01:03:59,433 --> 01:04:00,066 our first priority was to make sure we have a resilient 1055 01:04:00,066 --> 01:04:01,767 sure we have a resilient network where we increased our 1056 01:04:01,767 --> 01:04:03,867 network where we increased our capacity of our 60% because we 1057 01:04:03,867 --> 01:04:06,634 capacity of our 60% because we saw over 50% increase in data 1058 01:04:06,634 --> 01:04:09,034 saw over 50% increase in data traffic in many markets The 1059 01:04:09,034 --> 01:04:10,734 traffic in many markets The next thing was how are people 1060 01:04:10,734 --> 01:04:12,799 next thing was how are people going to get connected, um our 1061 01:04:12,799 --> 01:04:14,033 going to get connected, um our health a health workers our 1062 01:04:14,033 --> 01:04:15,500 health a health workers our government services and so put 1063 01:04:15,500 --> 01:04:17,934 government services and so put in. In the hands of our health 1064 01:04:17,934 --> 01:04:18,867 in. In the hands of our health records like we did in South 1065 01:04:18,867 --> 01:04:21,800 records like we did in South Africa and Kenya and the so was 1066 01:04:21,800 --> 01:04:23,900 Africa and Kenya and the so was basic, what was very important 1067 01:04:23,900 --> 01:04:25,600 basic, what was very important people who didn’t even access 1068 01:04:25,600 --> 01:04:26,834 people who didn’t even access the health websites and so we 1069 01:04:26,834 --> 01:04:28,234 the health websites and so we have to make sure these were 1070 01:04:28,234 --> 01:04:30,667 have to make sure these were accessible we had in Ghana 1071 01:04:30,667 --> 01:04:32,234 accessible we had in Ghana attendee Center for with 1072 01:04:32,234 --> 01:04:33,967 attendee Center for with fifteen multilingual and 1073 01:04:33,967 --> 01:04:35,834 fifteen multilingual and doctors just participating on 1074 01:04:35,834 --> 01:04:37,701 doctors just participating on phone online just supports the 1075 01:04:37,701 --> 01:04:40,666 phone online just supports the citizens Now our students have 1076 01:04:40,666 --> 01:04:43,467 citizens Now our students have been home since March and gone, 1077 01:04:43,467 --> 01:04:44,133 been home since March and gone, the president announced they’ll 1078 01:04:44,133 --> 01:04:48,234 the president announced they’ll go back to school in general. 1079 01:05:15,367 --> 01:05:17,934 And and and the economy and we 1080 01:05:17,934 --> 01:05:19,367 And and and the economy and we have been also helping 1081 01:05:19,367 --> 01:05:20,534 have been also helping government. I think data has 1082 01:05:20,534 --> 01:05:23,299 government. I think data has been so important in times like 1083 01:05:23,299 --> 01:05:24,934 been so important in times like this and so we said, we’re 1084 01:05:24,934 --> 01:05:26,833 this and so we said, we’re going to support with 1085 01:05:26,833 --> 01:05:30,633 going to support with aggregated and anonymous Mobil 1086 01:05:30,633 --> 01:05:32,400 aggregated and anonymous Mobil insights data AI driven 1087 01:05:32,400 --> 01:05:35,233 insights data AI driven modeling contact Jason Apps You 1088 01:05:35,233 --> 01:05:36,767 modeling contact Jason Apps You know definitely in line with 1089 01:05:36,767 --> 01:05:38,833 know definitely in line with the privacy legislation in this 1090 01:05:38,833 --> 01:05:40,300 the privacy legislation in this country, but making sure that 1091 01:05:40,300 --> 01:05:41,200 country, but making sure that we could provide data and 1092 01:05:41,200 --> 01:05:43,401 we could provide data and Ghana, for example, we went 1093 01:05:43,401 --> 01:05:44,699 Ghana, for example, we went with um the guns statistical 1094 01:05:44,699 --> 01:05:46,801 with um the guns statistical service and especially during 1095 01:05:46,801 --> 01:05:48,301 service and especially during the lockdown. We’re able to 1096 01:05:48,301 --> 01:05:49,134 the lockdown. We’re able to understand the population 1097 01:05:49,134 --> 01:05:50,000 understand the population movements to help shape the 1098 01:05:50,000 --> 01:05:52,266 movements to help shape the police. Decisions the 1099 01:05:52,266 --> 01:05:53,334 police. Decisions the government was making on the 1100 01:05:53,334 --> 01:05:54,867 government was making on the flight and so that’s the what 1101 01:05:54,867 --> 01:05:58,299 flight and so that’s the what was also coming very helpful. I 1102 01:05:58,299 --> 01:05:59,967 was also coming very helpful. I cannot talk about Africa 1103 01:05:59,967 --> 01:06:01,234 cannot talk about Africa without discussing and 1104 01:06:01,234 --> 01:06:02,567 without discussing and mentioning the tremendous work 1105 01:06:02,567 --> 01:06:04,299 mentioning the tremendous work that has gone into working with 1106 01:06:04,299 --> 01:06:06,267 that has gone into working with the central banks. You know 1107 01:06:06,267 --> 01:06:07,767 the central banks. You know mobile money transactions 1108 01:06:07,767 --> 01:06:10,333 mobile money transactions driving a cash less payment 1109 01:06:10,333 --> 01:06:10,934 driving a cash less payment driving great financial 1110 01:06:10,934 --> 01:06:13,234 driving great financial inclusion was very paras within 1111 01:06:13,234 --> 01:06:14,833 inclusion was very paras within within the period, and so we 1112 01:06:14,833 --> 01:06:16,334 within the period, and so we went the central banks so I 1113 01:06:16,334 --> 01:06:18,000 went the central banks so I just want to move our money 1114 01:06:18,000 --> 01:06:19,234 just want to move our money transaction fees in many 1115 01:06:19,234 --> 01:06:21,699 transaction fees in many markets we actually. Fees of um 1116 01:06:21,699 --> 01:06:23,899 markets we actually. Fees of um we also improved the limits for 1117 01:06:23,899 --> 01:06:25,333 we also improved the limits for people so that they could trust 1118 01:06:25,333 --> 01:06:26,000 people so that they could trust and not have to face to face 1119 01:06:26,000 --> 01:06:28,299 and not have to face to face contact so today, although we 1120 01:06:28,299 --> 01:06:30,000 contact so today, although we started in safari in Kenya, we 1121 01:06:30,000 --> 01:06:32,334 started in safari in Kenya, we now have Christians and Aids 1122 01:06:32,334 --> 01:06:33,799 now have Christians and Aids Africa markets with about 1123 01:06:33,799 --> 01:06:35,867 Africa markets with about 40000000 customers and we 1124 01:06:35,867 --> 01:06:39,933 40000000 customers and we transact about $14000000000 in 1125 01:06:39,933 --> 01:06:41,299 transact about $14000000000 in in transactions every month so 1126 01:06:41,299 --> 01:06:43,734 in transactions every month so in donations and money and 1127 01:06:43,734 --> 01:06:45,433 in donations and money and services today across the 1128 01:06:45,433 --> 01:06:47,967 services today across the world, we surpass 100000000. 1129 01:06:47,967 --> 01:06:49,367 world, we surpass 100000000. 100000000 of supports that 1130 01:06:49,367 --> 01:06:53,167 100000000 of supports that would have put in in into. This 1131 01:06:53,167 --> 01:06:54,667 would have put in in into. This one then we got a way of 1132 01:06:54,667 --> 01:06:56,167 one then we got a way of support but then and just like 1133 01:06:56,167 --> 01:06:58,000 support but then and just like I said looking at the health 1134 01:06:58,000 --> 01:06:59,034 I said looking at the health crisis as the immediate 1135 01:06:59,034 --> 01:07:01,766 crisis as the immediate priority, we are now supporting 1136 01:07:01,766 --> 01:07:03,700 priority, we are now supporting the economic um the the 1137 01:07:03,700 --> 01:07:04,600 the economic um the the economic recovery process that 1138 01:07:04,600 --> 01:07:06,967 economic recovery process that is is happening in many of our 1139 01:07:06,967 --> 01:07:07,967 is is happening in many of our markets we are looking at 1140 01:07:07,967 --> 01:07:09,800 markets we are looking at strengthening the the social 1141 01:07:09,800 --> 01:07:11,967 strengthening the the social resilience and by that, I mean 1142 01:07:11,967 --> 01:07:13,799 resilience and by that, I mean that collective ability to 1143 01:07:13,799 --> 01:07:15,200 that collective ability to recover from the challenge and 1144 01:07:15,200 --> 01:07:17,400 recover from the challenge and the difficulties of our past 1145 01:07:17,400 --> 01:07:18,033 the difficulties of our past trying to build a better 1146 01:07:18,033 --> 01:07:19,500 trying to build a better future. I think it’s important 1147 01:07:19,500 --> 01:07:21,699 future. I think it’s important that we start to start now. I 1148 01:07:21,699 --> 01:07:24,401 that we start to start now. I make this impact in 1149 01:07:24,401 --> 01:07:25,233 make this impact in livelihoods. it’s important. 1150 01:07:25,233 --> 01:07:27,367 livelihoods. it’s important. it’s important economic growth 1151 01:07:27,367 --> 01:07:29,967 it’s important economic growth um as he mentioned 25000000 1152 01:07:29,967 --> 01:07:31,301 um as he mentioned 25000000 people in Sub-Saharan Africa, 1153 01:07:31,301 --> 01:07:33,433 people in Sub-Saharan Africa, Africa are being pushing to 1154 01:07:33,433 --> 01:07:35,334 Africa are being pushing to poverty and so there’s very 1155 01:07:35,334 --> 01:07:36,334 poverty and so there’s very deliberate effort that’s 1156 01:07:36,334 --> 01:07:37,967 deliberate effort that’s private sector has to make um 1157 01:07:37,967 --> 01:07:39,533 private sector has to make um in supporting this to happen so 1158 01:07:39,533 --> 01:07:41,200 in supporting this to happen so for us apart from that 1159 01:07:41,200 --> 01:07:43,401 for us apart from that immediate help to improving 1160 01:07:43,401 --> 01:07:44,200 immediate help to improving infrastructure, we now have to 1161 01:07:44,200 --> 01:07:45,699 infrastructure, we now have to make sure that we make it 1162 01:07:45,699 --> 01:07:47,233 make sure that we make it future proof and that’s 1163 01:07:47,233 --> 01:07:49,566 future proof and that’s supporting the economic putting 1164 01:07:49,566 --> 01:07:50,634 supporting the economic putting in and that’s it that’s future 1165 01:07:50,634 --> 01:07:52,367 in and that’s it that’s future proof. Should be safe, it 1166 01:07:52,367 --> 01:07:54,833 proof. Should be safe, it should be resilient and the 1167 01:07:54,833 --> 01:07:55,799 should be resilient and the quality of the communication 1168 01:07:55,799 --> 01:07:56,900 quality of the communication should be good because 1169 01:07:56,900 --> 01:07:58,834 should be good because businesses are going to thrive 1170 01:07:58,834 --> 01:08:00,433 businesses are going to thrive on communication and digital 1171 01:08:00,433 --> 01:08:02,000 on communication and digital services going forward. Um we 1172 01:08:02,000 --> 01:08:04,401 services going forward. Um we have to make sure that we are 1173 01:08:04,401 --> 01:08:06,166 have to make sure that we are investing in infrastructure and 1174 01:08:06,166 --> 01:08:08,201 investing in infrastructure and we’re actively doing this. we 1175 01:08:08,201 --> 01:08:11,034 we’re actively doing this. we are participating in sharing 1176 01:08:11,034 --> 01:08:12,834 are participating in sharing and we’re also co investing in 1177 01:08:12,834 --> 01:08:13,900 and we’re also co investing in programs, especially in the 1178 01:08:13,900 --> 01:08:15,534 programs, especially in the remotes and the rural areas. 1179 01:08:15,534 --> 01:08:16,933 remotes and the rural areas. This is going to be very 1180 01:08:16,933 --> 01:08:18,701 This is going to be very important. kids are still being 1181 01:08:18,701 --> 01:08:20,667 important. kids are still being under the trees and and taking 1182 01:08:20,667 --> 01:08:21,966 under the trees and and taking investment infrastructure 1183 01:08:21,966 --> 01:08:23,900 investment infrastructure technology into our rural. 1184 01:08:23,900 --> 01:08:26,333 technology into our rural. Areas it is going to be 1185 01:08:26,333 --> 01:08:27,667 Areas it is going to be important, we have to support 1186 01:08:27,667 --> 01:08:29,034 important, we have to support government to digitize the 1187 01:08:29,034 --> 01:08:31,201 government to digitize the health service. I think e 1188 01:08:31,201 --> 01:08:33,266 health service. I think e health education is going to be 1189 01:08:33,266 --> 01:08:35,300 health education is going to be basic. We have to leverage on 1190 01:08:35,300 --> 01:08:36,634 basic. We have to leverage on telemedicine, we have to 1191 01:08:36,634 --> 01:08:38,500 telemedicine, we have to leverage on digital services 1192 01:08:38,500 --> 01:08:39,966 leverage on digital services apps. If you look at what we’ve 1193 01:08:39,966 --> 01:08:41,900 apps. If you look at what we’ve done in in Nigeria in Muslim 1194 01:08:41,900 --> 01:08:44,699 done in in Nigeria in Muslim big in Tanzania today, you have 1195 01:08:44,699 --> 01:08:45,367 big in Tanzania today, you have medication reminders of 1196 01:08:45,367 --> 01:08:47,199 medication reminders of management tools. we are 1197 01:08:47,199 --> 01:08:48,000 management tools. we are actually improved the coverage 1198 01:08:48,000 --> 01:08:50,300 actually improved the coverage and the management for more 1199 01:08:50,300 --> 01:08:52,333 and the management for more than almost 100000 patients you 1200 01:08:52,333 --> 01:08:57,233 than almost 100000 patients you know and so. The health system 1201 01:08:57,233 --> 01:08:59,000 know and so. The health system digitize it is a key focus for 1202 01:08:59,000 --> 01:09:00,400 digitize it is a key focus for us going forward and how we 1203 01:09:00,400 --> 01:09:01,967 us going forward and how we support your company. The third 1204 01:09:01,967 --> 01:09:05,266 support your company. The third one is the fact that this 1205 01:09:05,266 --> 01:09:06,767 one is the fact that this crisis will create new 1206 01:09:06,767 --> 01:09:08,767 crisis will create new inequalities there’ll be rising 1207 01:09:08,767 --> 01:09:10,800 inequalities there’ll be rising and unemployment actually, it’s 1208 01:09:10,800 --> 01:09:12,466 and unemployment actually, it’s happening. There’s a growing 1209 01:09:12,466 --> 01:09:13,667 happening. There’s a growing gap between the rich and the 1210 01:09:13,667 --> 01:09:15,500 gap between the rich and the poor, the young and the old and 1211 01:09:15,500 --> 01:09:17,200 poor, the young and the old and so we need to create new 1212 01:09:17,200 --> 01:09:18,633 so we need to create new opportunities to improve 1213 01:09:18,633 --> 01:09:19,667 opportunities to improve digital skills now by keep 1214 01:09:19,667 --> 01:09:21,267 digital skills now by keep saying this to the youth of 1215 01:09:21,267 --> 01:09:22,800 saying this to the youth of Ghana that you need to acquire 1216 01:09:22,800 --> 01:09:23,533 Ghana that you need to acquire this digital skills, there is 1217 01:09:23,533 --> 01:09:25,467 this digital skills, there is no longer a choice. It’s going 1218 01:09:25,467 --> 01:09:27,267 no longer a choice. It’s going to be important and we need to 1219 01:09:27,267 --> 01:09:28,400 to be important and we need to work in partnerships with the 1220 01:09:28,400 --> 01:09:31,366 work in partnerships with the government with the. To make 1221 01:09:31,366 --> 01:09:32,466 government with the. To make this happen and this is 1222 01:09:32,466 --> 01:09:34,666 this happen and this is something that we are actually 1223 01:09:34,666 --> 01:09:37,900 something that we are actually doing in, for example in DRC we 1224 01:09:37,900 --> 01:09:39,766 doing in, for example in DRC we are we’re working very closely 1225 01:09:39,766 --> 01:09:41,666 are we’re working very closely with businesses. We want to 1226 01:09:41,666 --> 01:09:42,699 with businesses. We want to make sure that they have a safe 1227 01:09:42,699 --> 01:09:44,400 make sure that they have a safe and secure digital solution if 1228 01:09:44,400 --> 01:09:46,767 and secure digital solution if you look at agriculture and, 1229 01:09:46,767 --> 01:09:49,266 you look at agriculture and, for example, take that as an 1230 01:09:49,266 --> 01:09:50,000 for example, take that as an example, we are working 1231 01:09:50,000 --> 01:09:52,267 example, we are working actively with them on our 1232 01:09:52,267 --> 01:09:55,300 actively with them on our connected 1233 01:09:56,800 --> 01:09:58,434 pharmaceutical, the agriculture 1234 01:09:58,434 --> 01:10:00,433 pharmaceutical, the agriculture supply chain. So that today 1235 01:10:00,433 --> 01:10:02,933 supply chain. So that today about 1.5. 1.5000000 farmers 1236 01:10:02,933 --> 01:10:04,799 about 1.5. 1.5000000 farmers small farmers already on the 1237 01:10:04,799 --> 01:10:06,934 small farmers already on the platform and ensuring that they 1238 01:10:06,934 --> 01:10:08,799 platform and ensuring that they can measure the record their 1239 01:10:08,799 --> 01:10:12,434 can measure the record their data IOT is being used for so 1240 01:10:12,434 --> 01:10:14,733 data IOT is being used for so much probes. We have satellite 1241 01:10:14,733 --> 01:10:16,300 much probes. We have satellite information to help to drive 1242 01:10:16,300 --> 01:10:19,000 information to help to drive profitability to youth in a 1243 01:10:19,000 --> 01:10:20,167 profitability to youth in a much better in a more secure 1244 01:10:20,167 --> 01:10:21,800 much better in a more secure and a much safer way you know 1245 01:10:21,800 --> 01:10:23,067 and a much safer way you know and and protecting the 1246 01:10:23,067 --> 01:10:24,533 and and protecting the environment, which is which is 1247 01:10:24,533 --> 01:10:26,033 environment, which is which is under the control so providing 1248 01:10:26,033 --> 01:10:28,267 under the control so providing that digital adoption for 1249 01:10:28,267 --> 01:10:31,934 that digital adoption for business, it is a key. Um for 1250 01:10:31,934 --> 01:10:34,266 business, it is a key. Um for us and I really talked about 1251 01:10:34,266 --> 01:10:35,800 us and I really talked about data, we will continue to 1252 01:10:35,800 --> 01:10:36,867 data, we will continue to support government with the 1253 01:10:36,867 --> 01:10:39,566 support government with the with the um anonymized mobile 1254 01:10:39,566 --> 01:10:40,699 with the um anonymized mobile insights um to help to make 1255 01:10:40,699 --> 01:10:43,200 insights um to help to make decisions for forward for 1256 01:10:43,200 --> 01:10:45,966 decisions for forward for Africa again. I say that we 1257 01:10:45,966 --> 01:10:47,799 Africa again. I say that we have done the basic on on on on 1258 01:10:47,799 --> 01:10:49,967 have done the basic on on on on mobile money on mobile 1259 01:10:49,967 --> 01:10:51,534 mobile money on mobile financial services, but it’s 1260 01:10:51,534 --> 01:10:52,833 financial services, but it’s very important that we move 1261 01:10:52,833 --> 01:10:54,333 very important that we move into remittances digital 1262 01:10:54,333 --> 01:10:58,000 into remittances digital wallets make payments deepening 1263 01:10:58,000 --> 01:10:59,167 wallets make payments deepening the use of of the move 1264 01:10:59,167 --> 01:11:00,933 the use of of the move financial services digitally, 1265 01:11:00,933 --> 01:11:03,500 financial services digitally, enabling businesses on how they 1266 01:11:03,500 --> 01:11:07,400 enabling businesses on how they connect how they are paid and. 1267 01:11:07,400 --> 01:11:08,033 connect how they are paid and. Very basic services, it’s going 1268 01:11:08,033 --> 01:11:10,434 Very basic services, it’s going to be very critical for Africa 1269 01:11:10,434 --> 01:11:13,833 to be very critical for Africa and so if we have to build this 1270 01:11:13,833 --> 01:11:14,567 and so if we have to build this resilience this digital of this 1271 01:11:14,567 --> 01:11:16,933 resilience this digital of this green society that we are all 1272 01:11:16,933 --> 01:11:18,734 green society that we are all talking about. I think that for 1273 01:11:18,734 --> 01:11:21,200 talking about. I think that for me for what the call to action 1274 01:11:21,200 --> 01:11:23,266 me for what the call to action is very clear. governments have 1275 01:11:23,266 --> 01:11:25,666 is very clear. governments have a critical role to play in 1276 01:11:25,666 --> 01:11:26,500 a critical role to play in leadership governments will 1277 01:11:26,500 --> 01:11:28,767 leadership governments will have to provide has to be that 1278 01:11:28,767 --> 01:11:30,301 have to provide has to be that close collaboration with 1279 01:11:30,301 --> 01:11:31,966 close collaboration with industry with the NGOs because 1280 01:11:31,966 --> 01:11:34,000 industry with the NGOs because we will bring the expertise we 1281 01:11:34,000 --> 01:11:35,667 we will bring the expertise we will bring the solutions will 1282 01:11:35,667 --> 01:11:37,134 will bring the solutions will bring the targeted investments 1283 01:11:37,134 --> 01:11:39,034 bring the targeted investments to make this change that we’re 1284 01:11:39,034 --> 01:11:40,500 to make this change that we’re all talking about today If you 1285 01:11:40,500 --> 01:11:43,900 all talking about today If you look at. Just like you said 1286 01:11:43,900 --> 01:11:46,467 look at. Just like you said what if you invest a $1000000 1287 01:11:46,467 --> 01:11:48,733 what if you invest a $1000000 every year and that’s just 1288 01:11:48,733 --> 01:11:50,467 every year and that’s just across continents a million uh 1289 01:11:50,467 --> 01:11:53,433 across continents a million uh uh uh um a $1000000000 right, 1290 01:11:53,433 --> 01:11:54,999 uh uh um a $1000000000 right, however, if you look at the gut 1291 01:11:54,999 --> 01:11:57,299 however, if you look at the gut that’s created on just 1292 01:11:57,299 --> 01:11:58,767 that’s created on just providing the best affordable 1293 01:11:58,767 --> 01:12:01,267 providing the best affordable good-quality broadband access 1294 01:12:01,267 --> 01:12:04,767 good-quality broadband access the cup is about eighty to 280 1295 01:12:04,767 --> 01:12:07,666 the cup is about eighty to 280 to 200000000000 So on this this 1296 01:12:07,666 --> 01:12:09,200 to 200000000000 So on this this prevailing conditions where 1297 01:12:09,200 --> 01:12:10,900 prevailing conditions where private investments are set are 1298 01:12:10,900 --> 01:12:13,333 private investments are set are not increasing. Africa projects 1299 01:12:13,333 --> 01:12:15,767 not increasing. Africa projects government budget tightening um 1300 01:12:15,767 --> 01:12:17,466 government budget tightening um prior, has been given to the 1301 01:12:17,466 --> 01:12:19,934 prior, has been given to the citizens most imminent needs 1302 01:12:19,934 --> 01:12:21,766 citizens most imminent needs and regrettably. some donors 1303 01:12:21,766 --> 01:12:23,400 and regrettably. some donors are having to focus on their 1304 01:12:23,400 --> 01:12:25,300 are having to focus on their own domestic reconstruction. It 1305 01:12:25,300 --> 01:12:27,766 own domestic reconstruction. It is important that we work 1306 01:12:27,766 --> 01:12:28,799 is important that we work together otherwise the 1307 01:12:28,799 --> 01:12:31,233 together otherwise the sustainable development goal 1308 01:12:31,233 --> 01:12:32,733 sustainable development goal achieving that is going to be 1309 01:12:32,733 --> 01:12:34,566 achieving that is going to be difficult. We will need to work 1310 01:12:34,566 --> 01:12:36,800 difficult. We will need to work together to leverage and drive 1311 01:12:36,800 --> 01:12:39,033 together to leverage and drive the digital uh access that’s 1312 01:12:39,033 --> 01:12:40,300 the digital uh access that’s that’s that’s has been set as a 1313 01:12:40,300 --> 01:12:42,767 that’s that’s has been set as a target. so. Calling for 1314 01:12:42,767 --> 01:12:43,866 target. so. Calling for collaboration, we’re calling 1315 01:12:43,866 --> 01:12:46,234 collaboration, we’re calling for partnership with government 1316 01:12:46,234 --> 01:12:48,300 for partnership with government and I think um president said 1317 01:12:48,300 --> 01:12:49,866 and I think um president said that very clearly moving from 1318 01:12:49,866 --> 01:12:51,933 that very clearly moving from just the the public sector and 1319 01:12:51,933 --> 01:12:53,600 just the the public sector and shifts into private sector who 1320 01:12:53,600 --> 01:12:55,134 shifts into private sector who need that cooperation will need 1321 01:12:55,134 --> 01:12:57,333 need that cooperation will need a partnership. We need that 1322 01:12:57,333 --> 01:12:58,800 a partnership. We need that engagement with also the 1323 01:12:58,800 --> 01:13:01,234 engagement with also the non-governmental organizations 1324 01:13:01,234 --> 01:13:03,800 non-governmental organizations to work together on these 1325 01:13:03,800 --> 01:13:05,433 to work together on these challenges that we have all 1326 01:13:05,433 --> 01:13:06,734 challenges that we have all identified so that we can 1327 01:13:06,734 --> 01:13:08,767 identified so that we can provide the solutions and 1328 01:13:08,767 --> 01:13:10,434 provide the solutions and deliver the digital economists 1329 01:13:10,434 --> 01:13:11,967 deliver the digital economists that we are talking about to 1330 01:13:11,967 --> 01:13:13,766 that we are talking about to build a better future. Um thank 1331 01:13:13,766 --> 01:13:16,234 build a better future. Um thank you very much. Thank you so 1332 01:13:16,234 --> 01:13:18,667 you very much. Thank you so much for this year yet again 1333 01:13:18,667 --> 01:13:21,334 much for this year yet again underlining the importance of 1334 01:13:21,334 --> 01:13:23,133 underlining the importance of investments in the digital 1335 01:13:23,133 --> 01:13:27,034 investments in the digital economy as uh and others have 1336 01:13:27,034 --> 01:13:30,699 economy as uh and others have done on on this panel uh let me 1337 01:13:30,699 --> 01:13:33,600 done on on this panel uh let me turn to uh who who’s gonna give 1338 01:13:33,600 --> 01:13:36,234 turn to uh who who’s gonna give us the perspective from the 1339 01:13:36,234 --> 01:13:38,699 us the perspective from the European Commission. Please go 1340 01:13:38,699 --> 01:13:40,600 European Commission. Please go ahead Well. Thank you. Thank 1341 01:13:40,600 --> 01:13:43,133 ahead Well. Thank you. Thank you very much for uh for having 1342 01:13:43,133 --> 01:13:48,234 you very much for uh for having me and um. With with such 1343 01:13:48,234 --> 01:13:50,899 me and um. With with such outstanding um go debates and 1344 01:13:50,899 --> 01:13:52,500 outstanding um go debates and especially doesn’t have already 1345 01:13:52,500 --> 01:13:56,367 especially doesn’t have already said it’s um the the absolutely 1346 01:13:56,367 --> 01:13:59,166 said it’s um the the absolutely um powerful um inspiring and 1347 01:13:59,166 --> 01:14:02,667 um powerful um inspiring and also very comprehensive uh 1348 01:14:02,667 --> 01:14:05,233 also very comprehensive uh keynote address by President 1349 01:14:05,233 --> 01:14:07,634 keynote address by President Joe uh basically, you’ve said 1350 01:14:07,634 --> 01:14:09,799 Joe uh basically, you’ve said it all uh president and it it 1351 01:14:09,799 --> 01:14:11,866 it all uh president and it it makes it easier for us because 1352 01:14:11,866 --> 01:14:13,833 makes it easier for us because it’s it allows us just to add 1353 01:14:13,833 --> 01:14:15,433 it’s it allows us just to add maybe a couple of thoughts or 1354 01:14:15,433 --> 01:14:17,200 maybe a couple of thoughts or reflections to um to what you 1355 01:14:17,200 --> 01:14:19,701 reflections to um to what you have set. And I would maybe 1356 01:14:19,701 --> 01:14:22,433 have set. And I would maybe like to make um for four or 1357 01:14:22,433 --> 01:14:27,466 like to make um for four or five points um the first one is 1358 01:14:27,466 --> 01:14:29,834 five points um the first one is um about the fact that if you 1359 01:14:29,834 --> 01:14:33,633 um about the fact that if you look at how go nineteen um it’s 1360 01:14:33,633 --> 01:14:35,966 look at how go nineteen um it’s countries across the globe um 1361 01:14:35,966 --> 01:14:39,267 countries across the globe um whether uh rich uh less rich or 1362 01:14:39,267 --> 01:14:42,600 whether uh rich uh less rich or poor we see a massive 1363 01:14:42,600 --> 01:14:45,733 poor we see a massive mobilization on basically two 1364 01:14:45,733 --> 01:14:47,267 mobilization on basically two main strands. The first one is 1365 01:14:47,267 --> 01:14:49,933 main strands. The first one is the health one. How do we deal 1366 01:14:49,933 --> 01:14:52,266 the health one. How do we deal with the immediate urgent 1367 01:14:52,266 --> 01:14:56,133 with the immediate urgent humanitarian impact um of um of 1368 01:14:56,133 --> 01:14:58,000 humanitarian impact um of um of of the health situation and at 1369 01:14:58,000 --> 01:15:00,167 of the health situation and at the same time in the medium 1370 01:15:00,167 --> 01:15:02,699 the same time in the medium long-term, How can we build 1371 01:15:02,699 --> 01:15:05,567 long-term, How can we build stronger more resilient health 1372 01:15:05,567 --> 01:15:07,866 stronger more resilient health systems that are capable of 1373 01:15:07,866 --> 01:15:09,867 systems that are capable of dealing with such a pandemics 1374 01:15:09,867 --> 01:15:13,201 dealing with such a pandemics and secondly, of course the 1375 01:15:13,201 --> 01:15:15,967 and secondly, of course the enormous social economic impact 1376 01:15:15,967 --> 01:15:17,566 enormous social economic impact of uh of covid-nineteen and. 1377 01:15:17,566 --> 01:15:20,167 of uh of covid-nineteen and. and then again how can we? With 1378 01:15:20,167 --> 01:15:21,634 and then again how can we? With the immediate short-term 1379 01:15:21,634 --> 01:15:24,467 the immediate short-term impact, but also how can we 1380 01:15:24,467 --> 01:15:27,233 impact, but also how can we design AA recovery that sets 1381 01:15:27,233 --> 01:15:29,967 design AA recovery that sets our economies? um on the right 1382 01:15:29,967 --> 01:15:32,867 our economies? um on the right track uh for the future, all of 1383 01:15:32,867 --> 01:15:36,201 track uh for the future, all of that to do so um all of that 1384 01:15:36,201 --> 01:15:39,067 that to do so um all of that requires a number of policy 1385 01:15:39,067 --> 01:15:41,867 requires a number of policy choices um which obviously will 1386 01:15:41,867 --> 01:15:44,500 choices um which obviously will very much depend from the 1387 01:15:44,500 --> 01:15:45,900 very much depend from the situation which countries or 1388 01:15:45,900 --> 01:15:47,967 situation which countries or regions find themselves, but in 1389 01:15:47,967 --> 01:15:53,067 regions find themselves, but in any case if. Is funded and we 1390 01:15:53,067 --> 01:15:55,767 any case if. Is funded and we see how across the globe um 1391 01:15:55,767 --> 01:15:58,799 see how across the globe um massive amounts of money are 1392 01:15:58,799 --> 01:16:02,234 massive amounts of money are being injected in the system. 1393 01:16:02,234 --> 01:16:04,633 being injected in the system. Massive stimulus packages are 1394 01:16:04,633 --> 01:16:06,300 Massive stimulus packages are being done financed and 1395 01:16:06,300 --> 01:16:08,800 being done financed and supported by central banks by 1396 01:16:08,800 --> 01:16:10,934 supported by central banks by borrowing on the markets. I 1397 01:16:10,934 --> 01:16:12,900 borrowing on the markets. I mean European Union itself uh 1398 01:16:12,900 --> 01:16:15,933 mean European Union itself uh just in July um managed to 1399 01:16:15,933 --> 01:16:17,433 just in July um managed to grasp at the level of our heads 1400 01:16:17,433 --> 01:16:20,600 grasp at the level of our heads of state in government. Uh what 1401 01:16:20,600 --> 01:16:22,400 of state in government. Uh what is traditionally every 7 years 1402 01:16:22,400 --> 01:16:24,167 is traditionally every 7 years one of the most difficult 1403 01:16:24,167 --> 01:16:26,900 one of the most difficult negotiations we have on our 1404 01:16:26,900 --> 01:16:28,000 negotiations we have on our multi annual financial 1405 01:16:28,000 --> 01:16:29,467 multi annual financial framework over Seven-year 1406 01:16:29,467 --> 01:16:31,966 framework over Seven-year budget and that includes um for 1407 01:16:31,966 --> 01:16:36,400 budget and that includes um for the first time um a possibility 1408 01:16:36,400 --> 01:16:40,367 the first time um a possibility um for the EU uh to go and lend 1409 01:16:40,367 --> 01:16:42,734 um for the EU uh to go and lend money uh from uh the um from 1410 01:16:42,734 --> 01:16:45,500 money uh from uh the um from from the uh the private capital 1411 01:16:45,500 --> 01:16:48,767 from the uh the private capital markets the 750000000000 so we 1412 01:16:48,767 --> 01:16:51,200 markets the 750000000000 so we see central bank. Feeding we 1413 01:16:51,200 --> 01:16:53,366 see central bank. Feeding we see governments doing deficit 1414 01:16:53,366 --> 01:16:54,733 see governments doing deficit spending and we see borrowing 1415 01:16:54,733 --> 01:16:57,234 spending and we see borrowing on the markets Obviously 1416 01:16:57,234 --> 01:16:58,834 on the markets Obviously there’s a whole group of 1417 01:16:58,834 --> 01:17:01,234 there’s a whole group of countries across the globe that 1418 01:17:01,234 --> 01:17:04,533 countries across the globe that have much less potential to do 1419 01:17:04,533 --> 01:17:06,000 have much less potential to do so. and I think very much as 1420 01:17:06,000 --> 01:17:09,234 so. and I think very much as many of you have said that is 1421 01:17:09,234 --> 01:17:11,367 many of you have said that is where as a global community, we 1422 01:17:11,367 --> 01:17:13,233 where as a global community, we need to look at covid-nineteen 1423 01:17:13,233 --> 01:17:16,166 need to look at covid-nineteen for what it is, which is a 1424 01:17:16,166 --> 01:17:18,600 for what it is, which is a global crisis that affects us 1425 01:17:18,600 --> 01:17:20,467 global crisis that affects us all and therefore one that 1426 01:17:20,467 --> 01:17:24,201 all and therefore one that requires a global mobilization. 1427 01:17:24,201 --> 01:17:26,867 requires a global mobilization. Not just everyone tries to save 1428 01:17:26,867 --> 01:17:29,667 Not just everyone tries to save him or herself, but with a 1429 01:17:29,667 --> 01:17:32,234 him or herself, but with a collectively we rise to the 1430 01:17:32,234 --> 01:17:33,900 collectively we rise to the occasion, I think um that from 1431 01:17:33,900 --> 01:17:36,334 occasion, I think um that from a European point of view, 1432 01:17:36,334 --> 01:17:38,967 a European point of view, that’s also why we have tried 1433 01:17:38,967 --> 01:17:41,134 that’s also why we have tried to lean in uh heavily uh within 1434 01:17:41,134 --> 01:17:43,500 to lean in uh heavily uh within the G twenty Paris club 1435 01:17:43,500 --> 01:17:45,867 the G twenty Paris club discussions on uh the dots that 1436 01:17:45,867 --> 01:17:47,167 discussions on uh the dots that service uh suspension 1437 01:17:47,167 --> 01:17:48,700 service uh suspension initiative and why we are very 1438 01:17:48,700 --> 01:17:51,233 initiative and why we are very keen on keeping to follow up uh 1439 01:17:51,233 --> 01:17:52,733 keen on keeping to follow up uh what is now being further 1440 01:17:52,733 --> 01:17:54,467 what is now being further discussed on um on that 1441 01:17:54,467 --> 01:17:57,833 discussed on um on that service. Suspension uh why we 1442 01:17:57,833 --> 01:17:59,467 service. Suspension uh why we have been working very closely 1443 01:17:59,467 --> 01:18:00,999 have been working very closely uh with the IMF and with the 1444 01:18:00,999 --> 01:18:03,400 uh with the IMF and with the world Bank, including through 1445 01:18:03,400 --> 01:18:05,699 world Bank, including through the different European and 1446 01:18:05,699 --> 01:18:06,666 the different European and executive directors in the 1447 01:18:06,666 --> 01:18:08,867 executive directors in the boards on trying to see how the 1448 01:18:08,867 --> 01:18:11,367 boards on trying to see how the IMF and the World Bank can 1449 01:18:11,367 --> 01:18:13,966 IMF and the World Bank can mobilize their let’s say that 1450 01:18:13,966 --> 01:18:16,733 mobilize their let’s say that truth and capacity in us 1451 01:18:16,733 --> 01:18:18,799 truth and capacity in us counter cyclical away as 1452 01:18:18,799 --> 01:18:20,234 counter cyclical away as possible. And that’s also why 1453 01:18:20,234 --> 01:18:23,900 possible. And that’s also why on the EU side. Uh we tried um 1454 01:18:23,900 --> 01:18:27,701 on the EU side. Uh we tried um as a bilateral. 1455 01:18:27,701 --> 01:18:27,767 as a bilateral. Um to 1456 01:18:27,767 --> 01:18:30,300 Um to respond as quickly and as 1457 01:18:30,300 --> 01:18:33,167 Um to respond as quickly and as flexible as possible, uh to 1458 01:18:33,167 --> 01:18:36,867 flexible as possible, uh to come uh to support of um of our 1459 01:18:36,867 --> 01:18:37,667 come uh to support of um of our partner countries and I think 1460 01:18:37,667 --> 01:18:39,134 partner countries and I think we’ve done so it’s a certain 1461 01:18:39,134 --> 01:18:42,333 we’ve done so it’s a certain source of pride. I think on our 1462 01:18:42,333 --> 01:18:43,700 source of pride. I think on our side uh that we’ve been able to 1463 01:18:43,700 --> 01:18:45,667 side uh that we’ve been able to very quickly the EU and our 1464 01:18:45,667 --> 01:18:48,699 very quickly the EU and our member states to mobilize and 1465 01:18:48,699 --> 01:18:50,800 member states to mobilize and partially reorient um and the 1466 01:18:50,800 --> 01:18:53,733 partially reorient um and the amount of 36000000000. 1467 01:18:53,733 --> 01:18:56,167 amount of 36000000000. 36000000000 um to support. 1468 01:18:56,167 --> 01:18:57,934 36000000000 um to support. Come across the globe in 1469 01:18:57,934 --> 01:19:00,167 Come across the globe in dealing with the immediate 1470 01:19:00,167 --> 01:19:02,867 dealing with the immediate impact of it. now, it’s not 1471 01:19:02,867 --> 01:19:04,333 impact of it. now, it’s not just I think about the quantity 1472 01:19:04,333 --> 01:19:07,533 just I think about the quantity and the size of funding that we 1473 01:19:07,533 --> 01:19:09,767 and the size of funding that we make available. uh we are very 1474 01:19:09,767 --> 01:19:11,533 make available. uh we are very much attached and many of you 1475 01:19:11,533 --> 01:19:12,800 much attached and many of you have referred to it also to the 1476 01:19:12,800 --> 01:19:16,833 have referred to it also to the quality um side of it, meaning 1477 01:19:16,833 --> 01:19:19,167 quality um side of it, meaning that um since much of what 1478 01:19:19,167 --> 01:19:21,967 that um since much of what we’re doing now, ultimately, 1479 01:19:21,967 --> 01:19:25,167 we’re doing now, ultimately, we’ll have a long-term impact 1480 01:19:25,167 --> 01:19:27,500 we’ll have a long-term impact since many much of. Doing now 1481 01:19:27,500 --> 01:19:29,833 since many much of. Doing now is basically financed with 1482 01:19:29,833 --> 01:19:31,667 is basically financed with money that we are borrowing 1483 01:19:31,667 --> 01:19:35,299 money that we are borrowing from future generations. It’s 1484 01:19:35,299 --> 01:19:36,000 from future generations. It’s absolutely essential that the 1485 01:19:36,000 --> 01:19:38,500 absolutely essential that the way in which we invest it is 1486 01:19:38,500 --> 01:19:41,733 way in which we invest it is done in a way that is future 1487 01:19:41,733 --> 01:19:44,833 done in a way that is future proof and um this is the the 1488 01:19:44,833 --> 01:19:46,000 proof and um this is the the agenda that we’ve been trying 1489 01:19:46,000 --> 01:19:48,133 agenda that we’ve been trying to set out uh very much in 1490 01:19:48,133 --> 01:19:49,833 to set out uh very much in line. so we put the UN 1491 01:19:49,833 --> 01:19:51,934 line. so we put the UN Secretary General Guterres has 1492 01:19:51,934 --> 01:19:55,266 Secretary General Guterres has pitched as a build back better 1493 01:19:55,266 --> 01:19:57,033 pitched as a build back better uh narrative our presidents 1494 01:19:57,033 --> 01:19:59,299 uh narrative our presidents from the. And has has uh when 1495 01:19:59,299 --> 01:20:01,801 from the. And has has uh when she attended end of April the 1496 01:20:01,801 --> 01:20:04,366 she attended end of April the financing for development uh UN 1497 01:20:04,366 --> 01:20:07,266 financing for development uh UN conference um presented um the 1498 01:20:07,266 --> 01:20:09,767 conference um presented um the the the political idea for the 1499 01:20:09,767 --> 01:20:11,499 the the political idea for the global recovery that is very 1500 01:20:11,499 --> 01:20:13,699 global recovery that is very much in line with those 1501 01:20:13,699 --> 01:20:15,367 much in line with those principles. And that’s also why 1502 01:20:15,367 --> 01:20:19,600 principles. And that’s also why in our engagement uh with um 1503 01:20:19,600 --> 01:20:21,266 in our engagement uh with um partners across the globe, 1504 01:20:21,266 --> 01:20:22,267 partners across the globe, beating Latin America and the 1505 01:20:22,267 --> 01:20:24,333 beating Latin America and the Caribbean beating as of the 1506 01:20:24,333 --> 01:20:25,966 Caribbean beating as of the Pacific and obviously uh with 1507 01:20:25,966 --> 01:20:29,100 Pacific and obviously uh with Africa we very much. To discuss 1508 01:20:29,100 --> 01:20:31,867 Africa we very much. To discuss how we can make what we do 1509 01:20:31,867 --> 01:20:33,233 how we can make what we do together really future proof, 1510 01:20:33,233 --> 01:20:36,766 together really future proof, and that means indeed make it 1511 01:20:36,766 --> 01:20:38,700 and that means indeed make it um make it green in the very 1512 01:20:38,700 --> 01:20:41,767 um make it green in the very comprehensive uh way of seeing 1513 01:20:41,767 --> 01:20:43,800 comprehensive uh way of seeing it. it is about climate change. 1514 01:20:43,800 --> 01:20:45,134 it. it is about climate change. It is about renewable energy, 1515 01:20:45,134 --> 01:20:47,333 It is about renewable energy, it is about sustainable 1516 01:20:47,333 --> 01:20:49,367 it is about sustainable agriculture. It is about um 1517 01:20:49,367 --> 01:20:52,900 agriculture. It is about um modern um multi modal uh 1518 01:20:52,900 --> 01:20:54,400 modern um multi modal uh transport it is about urban 1519 01:20:54,400 --> 01:20:55,833 transport it is about urban development and so how can we 1520 01:20:55,833 --> 01:20:59,199 development and so how can we bring that agenda? To the way 1521 01:20:59,199 --> 01:21:01,467 bring that agenda? To the way we design policies programs 1522 01:21:01,467 --> 01:21:02,867 we design policies programs projects for the for the 1523 01:21:02,867 --> 01:21:05,967 projects for the for the future. It is obviously digital 1524 01:21:05,967 --> 01:21:07,800 future. It is obviously digital um and digital in a certain in 1525 01:21:07,800 --> 01:21:09,967 um and digital in a certain in a certain way digital in a way 1526 01:21:09,967 --> 01:21:12,299 a certain way digital in a way that doesn’t only look at do we 1527 01:21:12,299 --> 01:21:14,767 that doesn’t only look at do we present uh the necessary 1528 01:21:14,767 --> 01:21:17,201 present uh the necessary network coverage, but also uh 1529 01:21:17,201 --> 01:21:19,533 network coverage, but also uh do we build in the educational 1530 01:21:19,533 --> 01:21:21,900 do we build in the educational aspects and the skills uh do we 1531 01:21:21,900 --> 01:21:24,633 aspects and the skills uh do we build the necessary economic 1532 01:21:24,633 --> 01:21:26,099 build the necessary economic angle and entrepreneurship do 1533 01:21:26,099 --> 01:21:29,801 angle and entrepreneurship do we build in? Governance system 1534 01:21:29,801 --> 01:21:32,234 we build in? Governance system that allows consumers and users 1535 01:21:32,234 --> 01:21:34,800 that allows consumers and users uh to be sure and you know that 1536 01:21:34,800 --> 01:21:36,500 uh to be sure and you know that on that point of view, you’re 1537 01:21:36,500 --> 01:21:37,900 on that point of view, you’re you’re is extremely ambitious. 1538 01:21:37,900 --> 01:21:40,633 you’re is extremely ambitious. uh when it comes to uh 1539 01:21:40,633 --> 01:21:41,833 uh when it comes to uh protection of privacy and so 1540 01:21:41,833 --> 01:21:43,600 protection of privacy and so also there’s a whole governance 1541 01:21:43,600 --> 01:21:46,000 also there’s a whole governance model that comes within our 1542 01:21:46,000 --> 01:21:48,367 model that comes within our view of future proof digital 1543 01:21:48,367 --> 01:21:50,967 view of future proof digital development that is very um 1544 01:21:50,967 --> 01:21:52,800 development that is very um very much important like very 1545 01:21:52,800 --> 01:21:54,534 very much important like very much uh the reference that the 1546 01:21:54,534 --> 01:21:57,900 much uh the reference that the truly made uh as well to. 1547 01:21:57,900 --> 01:21:59,199 truly made uh as well to. Environments biodiversity and 1548 01:21:59,199 --> 01:22:01,000 Environments biodiversity and Echo tourism. I mean if you 1549 01:22:01,000 --> 01:22:03,167 Echo tourism. I mean if you look at Africa if you look at 1550 01:22:03,167 --> 01:22:05,766 look at Africa if you look at the appetite of consumers 1551 01:22:05,766 --> 01:22:06,367 the appetite of consumers worldwide and if you look at 1552 01:22:06,367 --> 01:22:10,000 worldwide and if you look at the huge potential in Africa 1553 01:22:10,000 --> 01:22:12,533 the huge potential in Africa for Echo tourism linked to bio 1554 01:22:12,533 --> 01:22:14,367 for Echo tourism linked to bio diversity and environmental 1555 01:22:14,367 --> 01:22:16,234 diversity and environmental protection, I mean it’s really 1556 01:22:16,234 --> 01:22:17,967 protection, I mean it’s really it’s really a massive and I 1557 01:22:17,967 --> 01:22:19,167 it’s really a massive and I think it’s it’s something that 1558 01:22:19,167 --> 01:22:22,267 think it’s it’s something that um should should definitely uh 1559 01:22:22,267 --> 01:22:24,967 um should should definitely uh draw our attention by the way 1560 01:22:24,967 --> 01:22:27,167 draw our attention by the way uh I also think that something 1561 01:22:27,167 --> 01:22:29,633 uh I also think that something which we are now exploring um 1562 01:22:29,633 --> 01:22:33,801 which we are now exploring um there’s lots of um. Say global 1563 01:22:33,801 --> 01:22:36,234 there’s lots of um. Say global financing that with the 1564 01:22:36,234 --> 01:22:37,967 financing that with the long-term trend uh to push 1565 01:22:37,967 --> 01:22:41,067 long-term trend uh to push green finance uh the um the the 1566 01:22:41,067 --> 01:22:43,167 green finance uh the um the the the the pension funds the 1567 01:22:43,167 --> 01:22:45,967 the the pension funds the investment funds globally are 1568 01:22:45,967 --> 01:22:47,233 investment funds globally are looking for returns on the 1569 01:22:47,233 --> 01:22:49,801 looking for returns on the investments that are green. We 1570 01:22:49,801 --> 01:22:52,201 investments that are green. We can see how not to be in Africa 1571 01:22:52,201 --> 01:22:53,866 can see how not to be in Africa the potential for those 1572 01:22:53,866 --> 01:22:56,200 the potential for those investments is is huge. There 1573 01:22:56,200 --> 01:22:58,600 investments is is huge. There are reasons why for the time 1574 01:22:58,600 --> 01:23:00,600 are reasons why for the time being. I think there is still 1575 01:23:00,600 --> 01:23:02,567 being. I think there is still an intermediate problem between 1576 01:23:02,567 --> 01:23:05,334 an intermediate problem between where the big money sit. And 1577 01:23:05,334 --> 01:23:08,267 where the big money sit. And where the potential is linked 1578 01:23:08,267 --> 01:23:10,000 where the potential is linked to uh interesting climate um 1579 01:23:10,000 --> 01:23:11,634 to uh interesting climate um structure of the financial 1580 01:23:11,634 --> 01:23:13,299 structure of the financial markets and so on, but we feel 1581 01:23:13,299 --> 01:23:14,767 markets and so on, but we feel we really think that there is 1582 01:23:14,767 --> 01:23:17,333 we really think that there is scope uh to work together to 1583 01:23:17,333 --> 01:23:18,834 scope uh to work together to start narrowing that gap so 1584 01:23:18,834 --> 01:23:21,499 start narrowing that gap so that much more of that funding 1585 01:23:21,499 --> 01:23:23,767 that much more of that funding can be drawn through asset 1586 01:23:23,767 --> 01:23:25,267 can be drawn through asset managers can be drawn to that 1587 01:23:25,267 --> 01:23:27,801 managers can be drawn to that enormous potential that exists 1588 01:23:27,801 --> 01:23:29,867 enormous potential that exists on the African continent. uh to 1589 01:23:29,867 --> 01:23:32,133 on the African continent. uh to to basically accept to to to be 1590 01:23:32,133 --> 01:23:34,799 to basically accept to to to be a source or a destination. For 1591 01:23:34,799 --> 01:23:37,467 a source or a destination. For those kind of uh green green 1592 01:23:37,467 --> 01:23:39,133 those kind of uh green green investments that brings me to 1593 01:23:39,133 --> 01:23:41,666 investments that brings me to my final point, which which I 1594 01:23:41,666 --> 01:23:43,366 my final point, which which I would very much, we’ve got 1595 01:23:43,366 --> 01:23:47,533 would very much, we’ve got president um Johnson has has um 1596 01:23:47,533 --> 01:23:50,734 president um Johnson has has um has said um and that is about 1597 01:23:50,734 --> 01:23:53,333 has said um and that is about uh the the need in that 1598 01:23:53,333 --> 01:23:56,234 uh the the need in that perspective for a real reset a 1599 01:23:56,234 --> 01:23:58,934 perspective for a real reset a rethink of uh the the way in 1600 01:23:58,934 --> 01:24:00,667 rethink of uh the the way in which uh relations between 1601 01:24:00,667 --> 01:24:02,000 which uh relations between Europe and Africa function, and 1602 01:24:02,000 --> 01:24:04,200 Europe and Africa function, and I think that in the past 1603 01:24:04,200 --> 01:24:06,699 I think that in the past already at the summit and what 1604 01:24:06,699 --> 01:24:08,933 already at the summit and what followed we’ve we’ve made uh 1605 01:24:08,933 --> 01:24:12,533 followed we’ve we’ve made uh first steps. In that direction, 1606 01:24:12,533 --> 01:24:14,700 first steps. In that direction, but I think that’s with an 1607 01:24:14,700 --> 01:24:17,733 but I think that’s with an acceleration of history uh that 1608 01:24:17,733 --> 01:24:20,200 acceleration of history uh that nineteen is no doubt uh 1609 01:24:20,200 --> 01:24:23,367 nineteen is no doubt uh generating more is needed uh 1610 01:24:23,367 --> 01:24:24,533 generating more is needed uh much more fundamental and I 1611 01:24:24,533 --> 01:24:26,734 much more fundamental and I think that there is an 1612 01:24:26,734 --> 01:24:27,634 think that there is an awareness uh also on the 1613 01:24:27,634 --> 01:24:30,000 awareness uh also on the European side uh definitely at 1614 01:24:30,000 --> 01:24:33,200 European side uh definitely at the level of of uh of our of 1615 01:24:33,200 --> 01:24:35,299 the level of of uh of our of our top leaders. uh that there 1616 01:24:35,299 --> 01:24:37,299 our top leaders. uh that there is a need to do so in that 1617 01:24:37,299 --> 01:24:38,733 is a need to do so in that there is a window of 1618 01:24:38,733 --> 01:24:40,566 there is a window of opportunity uh to do so I think 1619 01:24:40,566 --> 01:24:42,634 opportunity uh to do so I think it requires a reset of the 1620 01:24:42,634 --> 01:24:43,467 it requires a reset of the politics. We’ve been talking 1621 01:24:43,467 --> 01:24:49,266 politics. We’ve been talking for a long about. OF of equals 1622 01:24:49,266 --> 01:24:51,467 for a long about. OF of equals uh one that doesn’t look at 1623 01:24:51,467 --> 01:24:53,967 uh one that doesn’t look at those two continents as one of 1624 01:24:53,967 --> 01:24:55,467 those two continents as one of the donor and the recipient, 1625 01:24:55,467 --> 01:24:58,634 the donor and the recipient, but one where deepening that 1626 01:24:58,634 --> 01:25:00,533 but one where deepening that relationship is really a win, 1627 01:25:00,533 --> 01:25:02,767 relationship is really a win, and I think that’s the kind of 1628 01:25:02,767 --> 01:25:05,266 and I think that’s the kind of political switch we now uh as 1629 01:25:05,266 --> 01:25:06,967 political switch we now uh as we prepare the next uh year of 1630 01:25:06,967 --> 01:25:09,367 we prepare the next uh year of Africa summit, it’s political 1631 01:25:09,367 --> 01:25:10,801 Africa summit, it’s political switch, which we really need to 1632 01:25:10,801 --> 01:25:13,834 switch, which we really need to make um secondly it needs to be 1633 01:25:13,834 --> 01:25:15,433 make um secondly it needs to be translated and embedded also in 1634 01:25:15,433 --> 01:25:17,967 translated and embedded also in our policy uh engagement one of 1635 01:25:17,967 --> 01:25:21,833 our policy uh engagement one of the things I. I’ve liked um a 1636 01:25:21,833 --> 01:25:23,367 the things I. I’ve liked um a lot about what we’ve been doing 1637 01:25:23,367 --> 01:25:25,767 lot about what we’ve been doing over the last year since I 1638 01:25:25,767 --> 01:25:29,067 over the last year since I where this task forces uh which 1639 01:25:29,067 --> 01:25:33,067 where this task forces uh which uh which we created um where we 1640 01:25:33,067 --> 01:25:35,233 uh which we created um where we are a number of major topics, 1641 01:25:35,233 --> 01:25:38,699 are a number of major topics, Energy agriculture transports 1642 01:25:38,699 --> 01:25:42,900 Energy agriculture transports we’ve created um groups on a 1643 01:25:42,900 --> 01:25:44,767 we’ve created um groups on a par basis with Africans and 1644 01:25:44,767 --> 01:25:48,200 par basis with Africans and Europeans represents top level 1645 01:25:48,200 --> 01:25:49,799 Europeans represents top level from private sector from CEOs. 1646 01:25:49,799 --> 01:25:52,500 from private sector from CEOs. Uh so CEOs from private sector 1647 01:25:52,500 --> 01:25:54,734 Uh so CEOs from private sector academics and think tank. 1648 01:25:54,734 --> 01:25:57,267 academics and think tank. Politicians that have worked 1649 01:25:57,267 --> 01:25:58,700 Politicians that have worked together during a number of 1650 01:25:58,700 --> 01:25:59,733 together during a number of months, 1 year 1 year and a 1651 01:25:59,733 --> 01:26:01,800 months, 1 year 1 year and a half on digital by the way as 1652 01:26:01,800 --> 01:26:03,299 half on digital by the way as well to come up with 1653 01:26:03,299 --> 01:26:05,900 well to come up with recommendations and what was 1654 01:26:05,900 --> 01:26:08,367 recommendations and what was nice on this approach was that 1655 01:26:08,367 --> 01:26:12,366 nice on this approach was that it was not just on the part uh 1656 01:26:12,366 --> 01:26:13,967 it was not just on the part uh as a matter of principle but 1657 01:26:13,967 --> 01:26:16,401 as a matter of principle but was driven by the very clear 1658 01:26:16,401 --> 01:26:17,733 was driven by the very clear understanding that all those 1659 01:26:17,733 --> 01:26:21,600 understanding that all those areas there is as much that 1660 01:26:21,600 --> 01:26:23,467 areas there is as much that Europeans can learn from 1661 01:26:23,467 --> 01:26:26,367 Europeans can learn from Africans as what Africans can 1662 01:26:26,367 --> 01:26:28,533 Africans as what Africans can learn from Europeans. This is 1663 01:26:28,533 --> 01:26:30,000 learn from Europeans. This is something that we very much 1664 01:26:30,000 --> 01:26:33,400 something that we very much want to keep building on. It’s 1665 01:26:33,400 --> 01:26:34,900 want to keep building on. It’s basically what I think is a is 1666 01:26:34,900 --> 01:26:36,433 basically what I think is a is a very modern management 1667 01:26:36,433 --> 01:26:37,967 a very modern management principle. It’s the principle 1668 01:26:37,967 --> 01:26:41,233 principle. It’s the principle of co creation uh by the way 1669 01:26:41,233 --> 01:26:43,733 of co creation uh by the way you will have noticed that the 1670 01:26:43,733 --> 01:26:46,833 you will have noticed that the title of my commissioner used 1671 01:26:46,833 --> 01:26:48,266 title of my commissioner used to be the Commissioner for 1672 01:26:48,266 --> 01:26:50,767 to be the Commissioner for development and uh and 1673 01:26:50,767 --> 01:26:51,699 development and uh and international corporation that 1674 01:26:51,699 --> 01:26:53,299 international corporation that under the current commission, 1675 01:26:53,299 --> 01:26:54,801 under the current commission, the president has decided to 1676 01:26:54,801 --> 01:26:56,367 the president has decided to change that in my commissioners 1677 01:26:56,367 --> 01:26:58,533 change that in my commissioners now the Commissioner for the 1678 01:26:58,533 --> 01:27:00,800 now the Commissioner for the international partnerships. And 1679 01:27:00,800 --> 01:27:03,467 international partnerships. And I think it translates as well 1680 01:27:03,467 --> 01:27:05,600 I think it translates as well the the awareness that what 1681 01:27:05,600 --> 01:27:09,034 the the awareness that what we’re looking for is really a 1682 01:27:09,034 --> 01:27:10,200 we’re looking for is really a different approach I fully 1683 01:27:10,200 --> 01:27:11,867 different approach I fully agree as well with um what 1684 01:27:11,867 --> 01:27:14,233 agree as well with um what you’ve said uh president that 1685 01:27:14,233 --> 01:27:17,067 you’ve said uh president that this also means that working 1686 01:27:17,067 --> 01:27:19,801 this also means that working with key partners like the 1687 01:27:19,801 --> 01:27:21,100 with key partners like the assets and the African Center 1688 01:27:21,100 --> 01:27:23,833 assets and the African Center for economic transformation 1689 01:27:23,833 --> 01:27:27,233 for economic transformation like the uh the ACDC I would 1690 01:27:27,233 --> 01:27:28,967 like the uh the ACDC I would add the work we would like to 1691 01:27:28,967 --> 01:27:30,467 add the work we would like to do and to boost with national 1692 01:27:30,467 --> 01:27:31,966 do and to boost with national development banks and here we 1693 01:27:31,966 --> 01:27:33,733 development banks and here we are working very closely with 1694 01:27:33,733 --> 01:27:34,934 are working very closely with France in view of the Paris 1695 01:27:34,934 --> 01:27:38,233 France in view of the Paris Peace for. On the the first 1696 01:27:38,233 --> 01:27:41,133 Peace for. On the the first global summit of national 1697 01:27:41,133 --> 01:27:44,000 global summit of national developing banks um so plugging 1698 01:27:44,000 --> 01:27:47,133 developing banks um so plugging much more into the wealth and 1699 01:27:47,133 --> 01:27:49,367 much more into the wealth and the capacity that exists in 1700 01:27:49,367 --> 01:27:51,933 the capacity that exists in Africa itself as partners to 1701 01:27:51,933 --> 01:27:54,333 Africa itself as partners to work with. I think this is a um 1702 01:27:54,333 --> 01:27:57,567 work with. I think this is a um uh a must in order to design 1703 01:27:57,567 --> 01:27:58,733 uh a must in order to design that new partnership that 1704 01:27:58,733 --> 01:28:01,133 that new partnership that brings me to my very last point 1705 01:28:01,133 --> 01:28:03,667 brings me to my very last point that obviously affects as well 1706 01:28:03,667 --> 01:28:06,533 that obviously affects as well the way in which we deploy the 1707 01:28:06,533 --> 01:28:09,933 the way in which we deploy the um. The funding uh that we have 1708 01:28:09,933 --> 01:28:15,000 um. The funding uh that we have at our disposal to uh to 1709 01:28:15,000 --> 01:28:16,266 at our disposal to uh to support those international 1710 01:28:16,266 --> 01:28:17,933 support those international partnerships and we will know 1711 01:28:17,933 --> 01:28:21,067 partnerships and we will know that see an even further um 1712 01:28:21,067 --> 01:28:22,801 that see an even further um increase in acceleration of the 1713 01:28:22,801 --> 01:28:24,399 increase in acceleration of the trend we’ve um we’ve we’ve 1714 01:28:24,399 --> 01:28:25,967 trend we’ve um we’ve we’ve embarked upon over the last 1715 01:28:25,967 --> 01:28:28,800 embarked upon over the last years already, which is an 1716 01:28:28,800 --> 01:28:31,133 years already, which is an increasing importance of budget 1717 01:28:31,133 --> 01:28:34,367 increasing importance of budget supports as an implementation 1718 01:28:34,367 --> 01:28:35,700 supports as an implementation modality because we feel that 1719 01:28:35,700 --> 01:28:36,701 modality because we feel that through budget support. 1720 01:28:36,701 --> 01:28:40,300 through budget support. Basically plug our support 1721 01:28:40,300 --> 01:28:43,334 Basically plug our support directly into the budgets of 1722 01:28:43,334 --> 01:28:45,033 directly into the budgets of national authorities National 1723 01:28:45,033 --> 01:28:47,433 national authorities National governments are also um sub sub 1724 01:28:47,433 --> 01:28:49,767 governments are also um sub sub national uh local authorities. 1725 01:28:49,767 --> 01:28:51,867 national uh local authorities. It has very little transaction 1726 01:28:51,867 --> 01:28:53,833 It has very little transaction cost for this, especially the 1727 01:28:53,833 --> 01:28:55,567 cost for this, especially the advantage that it really 1728 01:28:55,567 --> 01:28:58,367 advantage that it really supports in a very direct way. 1729 01:28:58,367 --> 01:29:00,833 supports in a very direct way. African solutions similarly, 1730 01:29:00,833 --> 01:29:04,733 African solutions similarly, the way in which we deploy our 1731 01:29:04,733 --> 01:29:07,600 the way in which we deploy our guarantees through. Finance 1732 01:29:07,600 --> 01:29:09,801 guarantees through. Finance institutions, including 1733 01:29:09,801 --> 01:29:10,767 institutions, including obviously national development 1734 01:29:10,767 --> 01:29:12,834 obviously national development banks in the African uh 1735 01:29:12,834 --> 01:29:15,400 banks in the African uh Development Bank again uh 1736 01:29:15,400 --> 01:29:17,000 Development Bank again uh moving away from the 1737 01:29:17,000 --> 01:29:18,267 moving away from the traditional project 1738 01:29:18,267 --> 01:29:19,900 traditional project implementation approach and 1739 01:29:19,900 --> 01:29:21,767 implementation approach and mainly uh using our money to 1740 01:29:21,767 --> 01:29:23,834 mainly uh using our money to leverage and support of 1741 01:29:23,834 --> 01:29:25,067 leverage and support of financing from from others and 1742 01:29:25,067 --> 01:29:27,434 financing from from others and of course a very strong uh 1743 01:29:27,434 --> 01:29:28,801 of course a very strong uh technical assistance and 1744 01:29:28,801 --> 01:29:31,333 technical assistance and capacity building uh components 1745 01:29:31,333 --> 01:29:33,166 capacity building uh components there again very much as you’ve 1746 01:29:33,166 --> 01:29:37,266 there again very much as you’ve said, um supporting uh really. 1747 01:29:37,266 --> 01:29:39,467 said, um supporting uh really. Parks African institutions 1748 01:29:39,467 --> 01:29:40,267 Parks African institutions because the design and the 1749 01:29:40,267 --> 01:29:41,801 because the design and the implementation of the policies 1750 01:29:41,801 --> 01:29:44,600 implementation of the policies in Africa that are done by uh 1751 01:29:44,600 --> 01:29:45,934 in Africa that are done by uh and and and with our African 1752 01:29:45,934 --> 01:29:49,800 and and and with our African partners themselves final final 1753 01:29:49,800 --> 01:29:53,733 partners themselves final final word, youth and women they will 1754 01:29:53,733 --> 01:29:57,899 word, youth and women they will be. I think the focus of 1755 01:29:57,899 --> 01:30:00,400 be. I think the focus of everything we will do um not 1756 01:30:00,400 --> 01:30:03,466 everything we will do um not just because um they are the 1757 01:30:03,466 --> 01:30:06,767 just because um they are the ones that are uh maybe most. 1758 01:30:06,767 --> 01:30:08,667 ones that are uh maybe most. Fragile maybe most likely to be 1759 01:30:08,667 --> 01:30:11,500 Fragile maybe most likely to be hit first, but also because 1760 01:30:11,500 --> 01:30:14,699 hit first, but also because they have shown in the past to 1761 01:30:14,699 --> 01:30:17,767 they have shown in the past to be the ones that are absolutely 1762 01:30:17,767 --> 01:30:21,333 be the ones that are absolutely a driver for creativity for 1763 01:30:21,333 --> 01:30:24,334 a driver for creativity for change um and resilience so 1764 01:30:24,334 --> 01:30:27,367 change um and resilience so making sure that we put young 1765 01:30:27,367 --> 01:30:29,801 making sure that we put young people, girls and women at the 1766 01:30:29,801 --> 01:30:31,400 people, girls and women at the center of everything we do 1767 01:30:31,400 --> 01:30:33,200 center of everything we do together with you will be 1768 01:30:33,200 --> 01:30:34,933 together with you will be absolutely essential. I will 1769 01:30:34,933 --> 01:30:35,833 absolutely essential. I will stop there because I see that 1770 01:30:35,833 --> 01:30:37,834 stop there because I see that the time is uh is is running 1771 01:30:37,834 --> 01:30:39,400 the time is uh is is running out. Thank you very much. Thank 1772 01:30:39,400 --> 01:30:41,000 out. Thank you very much. Thank you very much that was 1773 01:30:41,000 --> 01:30:44,300 you very much that was wonderful. I could not 1774 01:30:44,300 --> 01:30:45,600 wonderful. I could not emphasize more the importance 1775 01:30:45,600 --> 01:30:50,799 emphasize more the importance of uh a mentality uh in the 1776 01:30:50,799 --> 01:30:51,467 of uh a mentality uh in the development courses, what could 1777 01:30:51,467 --> 01:30:53,866 development courses, what could be more important? I’d like to 1778 01:30:53,866 --> 01:30:54,800 be more important? I’d like to close this. unfortunately we 1779 01:30:54,800 --> 01:30:57,567 close this. unfortunately we don’t have time to take several 1780 01:30:57,567 --> 01:30:59,167 don’t have time to take several questions that we have here on 1781 01:30:59,167 --> 01:31:03,467 questions that we have here on the chat uh to say again uh 1782 01:31:03,467 --> 01:31:05,967 the chat uh to say again uh everybody and particularly uh 1783 01:31:05,967 --> 01:31:08,167 everybody and particularly uh President Ellen Johnson for 1784 01:31:08,167 --> 01:31:10,200 President Ellen Johnson for being with us and staying with 1785 01:31:10,200 --> 01:31:13,401 being with us and staying with us uh the whole. The whole 1786 01:31:13,401 --> 01:31:15,234 us uh the whole. The whole session we’re especially proud 1787 01:31:15,234 --> 01:31:17,533 session we’re especially proud of that we were able to host in 1788 01:31:17,533 --> 01:31:20,699 of that we were able to host in this important session, so we 1789 01:31:20,699 --> 01:31:23,167 this important session, so we brilliant uh African women. 1790 01:31:23,167 --> 01:31:25,299 brilliant uh African women. Thank you very much and uh all 1791 01:31:25,299 --> 01:31:27,299 Thank you very much and uh all the best to you all the best 1792 01:31:27,299 --> 01:31:29,500 the best to you all the best thanks to all of you as an 1793 01:31:29,500 --> 01:31:31,367 thanks to all of you as an honored to be a part of all of