Global South enjoys huge untapped funding flare - President of Women in Africa Initiative

BAKU, Azerbaijan, March 13. The Global South
has huge untapped funding potential, President of Women in Africa
Initiative Hafsat Abiola said during the 13th Global Baku Forum on
"Bridging Divides in a World in Transition", Trend reports.

"Financing is a huge challenge for our climate, and countries in
the Global South constantly turn to the Global North for funding.
If we can finance a dam in Ethiopia, it shows that there is
significant untapped funding potential in the Global South that we
can also mobilize. When countries in the Global South join forces
and take ownership of their problems, it helps create momentum for
cooperation with the Global North. I look forward to seeing how we
can realize this at COP32," she explained.

Abiola pointed out that the primary hurdle of the COP is to
tackle the issue of fragmentation.

"We are too divided. Ethiopia is already working hard to
integrate African voices, so it's logical that they will host
COP32," she added.

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