UN deputy SG says Africa shows momentum on new finance models and local investment

Deputy Secretary‑General Amina Mohammed told the Girls' Lounge that Africa is showing leadership on financing innovation, with domestic institutions, new financing frameworks and private capital flowing into local opportunities.

She cited the African Development Bank and a rising interest in retaining wealth and investment on the continent, including IPOs that give ordinary people ownership stakes and create jobs. Mohammed said domestic resource mobilization remains the largest source of development financing and that reforms to multilateral development banks and credit‑rating practices are necessary to unlock additional capital: "If you look at the domestic resources that our countries use, that's the vast amount of resources being used for development right now."

Mohammed urged that the international community focus negotiation energy on finance in the same way it does on climate, and flagged a need for greater inclusion of developing countries in influential finance forums.