The $4 trillion gap to close for a just world | Geraldine Fraser-Moleketi | TEDxJohannesburgSalon
11 Sep 2024 (7 days ago)
The Speaker's Experience in Angola
- In February 1982, the speaker was living in an underground flat in Luanda, Angola and preparing for specialized training abroad as a member of the African National Congress.
- The speaker recounts a story about meeting a fellow cadre, Rafa, in the flat and refusing to prepare him lunch, emphasizing their equality as members of the movement.
Financing the Sustainable Development Goals (SDGs)
- The speaker highlights the importance of partnerships, particularly in financing the Sustainable Development Goals (SDGs), noting that the current investment gap is \$4 trillion.
- There is a $4 trillion deficit in funding required to achieve the Sustainable Development Goals (SDGs).
- The Affirmative Finance Action for Women in Africa (AWA) initiative, a $300 million fund, has successfully catalyzed $1 billion to improve women's access to finance.
- Africa accounts for only 2% of global trade despite its mineral wealth, highlighting the need to prioritize and bolster intra-African trade, particularly in light of the African Continental Free Trade Agreement.
Geraldine Fraser-Moleketi's Commitment to Equality
- In 1982, Geraldine Fraser-Moleketi had been involved in a movement for over two years and was prepared to fight for her visions and values.
- Fraser-Moleketi was determined to challenge gender roles and believed in equitable partnerships in the struggle.
Collaborative Approach to Financing
- The United Nations, governments, the private sector, and individuals must collaborate and adopt a bold approach to financing, acknowledging that some debts are uncollectable.