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Russia-Africa Summit

Russia-Africa Summit highlights importance of financial system restructuring

The summit participants also agree to "call for concrete actions to reform the policies and practices of the Multilateral Development Banks to scale up financing for developing countries to assist them in achieving Sustainable Development Goals"

ST. PETERSBURG, July 28. /TASS/. Participants in the Russia-Africa summit agree to contribute to restructuring of the global financial architecture, the Second Russia-Africa Summit Declaration reads.

Summit participants agree to "facilitate the restructuring of the global financial architecture to better address the growing developmental needs and reflect the interests and increasing influence of developing countries, as well as to overcome the adverse impact of conditions imposed on them in relation to the full and effective enjoyment of human rights," the document reads.

The summit participants also agree to "call for concrete actions to reform the policies and practices of the Multilateral Development Banks (MDBs) to scale up financing for developing countries to assist them in achieving Sustainable Development Goals."

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Foreign policy Russia-Africa Summit

Military operation in Ukraine

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Russian forces destroy Ukrainian Stryker armored vehicle in Kharkov Region

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Russia to push for release of hostages held by Hamas, senior diplomat says

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Talks between Putin, Trump before inauguration possible — Kremlin

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Russia, China sign cooperation memorandum — Xinhua

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US plans to remove 'arrogant' Zelensky and stage 2025 elections in Ukraine — SVR

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Countries will line up for Russian gas when US stops exporting LNG — Serbian president

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FSB foils attempted terrorist attack on power station in Nizhny Tagil

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