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The Vice President of Sierra Leone, Dr. Mohamed Juldeh Jalloh, emphasized the urgent need for effective financial strategies to address the widening financing gap facing the Global South during his participation in a high-level side event at the Fourth International Conference on Financing for Development (FFD4) in Seville, Spain.
The event was organized by Global Citizen Now and brought together leaders and experts to discuss innovative solutions for sustainable development.
In his remarks, Vice President Jalloh asserted the precarious situation of the Global South, which has been exacerbated by a rapid contraction of development aid. He stated, “Countries must learn from Sierra Leone’s experience and build stronger regulatory, financial, and governance frameworks to attract private sector investment.”
Jalloh’s call to action notably reflects a growing recognition of the importance of private investment in driving economic growth and development.
Jalloh further urged nations to rationalize their aid portfolios, ensuring that development assistance complements rather than competes with private investment. He articulated, “It is crucial that we align our aid strategies to foster an environment where private sector investment can thrive.”
The Vice President’s proposals received support from other panelists, including Mark Suzman, CEO of the Gates Foundation, who echoed the importance of the strategies presented for accelerating inclusive and equitable development in a changing global context.
“I was encouraged by the support from other panelists including the Gates Foundation CEO Mark Suzman on the strategy I presented to accelerate inclusive and equitable development in a changing global context,” he concluded.
